Underwatertimes.com News Service - March 9, 2010 18:10 EST

In a move lauded by the Pew Environment Group, the Maldives today declared its exclusive economic zone (EEZ), 90,000 square kilometers of the Indian Ocean, as a shark sanctuary free from all shark fishing and also banned all imports and exports of shark fins. The Maldives is home to more than 30 shark species, including the scalloped hammerhead, the most prominent shark to be considered for protection at the upcoming meeting of the Convention on International Trade in Endangered Species (CITES).

"The Maldives were one of the first countries to recognize that sharks were a key reason tourists went to dive there," said Matt Rand, director of Global Shark Conservation for the Pew Environment Group. "Today's announcement protects the Maldives' tourism industry -- the largest segment of their economy -- from the ravages of the shark fin trade. It is a bold and farsighted move on the part of the government of the Maldives."

"Shark tourism" is a growing sector in the Maldives and in many other countries. In 2006, the Australian government's Reef & Rainforest Research Center conducted a survey of visitors to the Great Barrier Reef and estimated that up to 25% (or $1,375) of each visitor's expenditure was directly attributable to the opportunity to see sharks. More than 40% of the tourists said that hammerheads were the top shark that they wanted to see.

The Maldives beaches and coral atolls account for 28% of its GDP. But fishing is also a growing industry in the country's EEZ and a direct competitor with ecotourism for resources. Thirty percent of shark species are threatened or near-threatened with extinction and up to 73 million sharks are killed every year around the world for the shark fin trade, largely for shark fin soup. Two of the CITES shark proposals, for scalloped hammerheads (and four look-alike species) and oceanic whitetips (also found in Maldives waters), will address this threat head-on.

"Countries are beginning to recognize just how important vibrant shark populations are to healthy ocean ecosystems, and to their ecotourism industries," said Rand. "The Pacific island of Palau, whose pristine marine environment is a favorite of the dive community, created a shark sanctuary in its own waters in September 2009 and has sponsored all four of the CITES proposals to protect sharks. We will see at CITES whether the rest of the world will also step forward and save sharks."

The Pew Environment Group is the conservation arm of The Pew Charitable Trusts, a non-governmental organization that applies a rigorous, analytical approach to improving public policy, informing the public and stimulating civic life. For more information, go to http://www.PewEnvironment.org/CITES.