However, this ‘custom’ threatens the population of sharks internationally. In accordance with a recent research, the finning industry worldwide is a continuously growing industry, with the value of the fin to reach the $116/ kg (Verclar et al. 1078). India is among the countries with the highest performance in this industry; in accordance with Verclar et al. the annual shark production of India reaches the 45,500 tonnes (Verclar et al. 1078), a significant figure if taking into consideration the price of the particular product in the market, as presented above. It is clear that the profits of the particular industry can be significant, a fact which may be considered as a barrier to the control of the phenomenon. As noted in the study of Verclar et al., about 20 species of sharks will be extinguished by 2017 if the shark finning industry continues its current rate of expansion (Verclar et al. 1078). However, the current signs regarding the development of this industry are rather discouraging; instead of being reduced, the finning industry is further expanded with other countries to be involved in such activities. An indicative example is China, which has started to activate in many areas of the specific industry – acting as ‘producer, importer, consumer and processing centre’ (Verclar et al. 1079); other countries also have been attracted by the prospects that the particular industry offers. Indonesia, Pakistan and Singapore (Verclar et al. 1079) are some of the countries, which have been involved in various areas of shark finning industry.
The shark finning industry offers many prospects as a business activity, as it combines the trade of fin, as a product of a significant value, with the trade of other parts of the shark – meaning the body and the bones (Verclay et al. 1080). At this point, it should be noted that ‘not all fins of a shark are of the same value’ (Verclay et al. 1080).
In any ...
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(Shark Finning Industry Argumentative Essay Example | Topics and Well Written Essays - 1500 Words - 1)
“Shark Finning Industry Argumentative Essay Example | Topics and Well Written Essays - 1500 Words - 1”, n.d. https://studentshare.net/english/446185-shark-finning-industry-argumentative-essay.
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