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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Asia demand for ivory, sharks' fins set for scrutiny AFP - Thursday, October 22 Send IM Story Print GENEVA (AFP) - – Proposals to restrict or ban international trade in those three products are due to be studied when the Convention on International Trade in Endangered Species (CITES) holds its next triennial meeting in Qatar next year. Monaco has tabled a ban for trade in tuna, while the European Union and the United States have proposed limits on the global trade of several shark species, the documents showed. Meanwhile, Tanzania and Zambia are asking for a trade embargo on ivory to be lifted, allowing them to sell controlled quantities of elephants' tusks. The consumption of sharks' fins -- a Chinese culinary delicacy -- is expected to be among key issues on the table at the Qatar meeting, officials said. The United States and Palau had put in proposals to restrict international trade in white tip sharks and hammerhead sharks, while the European Union has proposed protecting porbeagle sharks, also known as Lamna nasus. White tips and hammerheads have been "over-exploited" for their fins, said Washington in its submission. Likewise, the EU warned: "Unsustainable target fisheries for Lamna nasus in parts of its range have been driven by international trade demand for its high value meat." For environmental group Oceana, the moves marked a "realistic first step" in the promotion of sustainable trade in sharks. "This could be the turning point for sharks. If countries join together now we can promote the sustainable trade of sharks worldwide," Courtney Sakai, Oceana senior campaign director told AFP. Oceana also pointed to Monaco's request for a ban in bluefin tuna trade. "This is the last chance for fisheries managers to show they are competent to manage these magnificent and valuable fish. If they fail, Asia may see its supply cut off, perhaps for years," said Michael Hirshfield, Oceanas chief scientist. According to the proposal put to CITES, bluefin tuna stocks are so fragile that the species should be classified as being at threat of extinction. Monaco argued that tuna spawning stock in the Mediterranean has declined by more than 74 percent between 1957 to 2007, the bulk of it in the last decade. Tuna stock in the west Atlantic has also plunged by 83 percent between 1970 to 2007, it added. Meanwhile, some African states want a trade ban on ivory -- used in East Asian traditional handicraft -- to be lifted. Tanzania argued in its proposal that its elephant population has "considerably increased" from 55,000 in 1989 to 136,753 in 2006, and said that a one-time sale of its ivory stocks could fund anti-poaching activities. "In recent years, the government treasury allocated less money to anti-poaching activities mainly due to the economic crisis which is also affecting Tanzania. "The adoption of this proposal would therefore be crucial for improving financial support to the Wildlife Protection Fund to further control poaching and other illegal activities in the country," it added. Last November, a one-off auction of stockpiled ivory in four southern African countries raised 15,4 million dollars (12 million euros) for elephant conservation. The sale of 102 tonnes of government-owned ivory stocks in Botswana, Namibia, South Africa and Zimbabwe fetched an average of 157 dollars per kilogramme. Chinese buyers bought the bulk of the tusks, which fetched the highest price per kilogramme in Botswana. Recommend Send IM Story Print News Search Top Stories Tropical storm Rick threatens flash floods in Mexico Wells Fargo profit jumps to record $3.2 bln Deutsche Bank posts three-fold rise in quarterly profit Industrialised nations' CO2 emissions rose in 2007: UN British airport operator sells London airport More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Data confirms 'modest' AIDS vaccine breakthrough Australian burglar betrayed by leech VW to buy 49.9 percent of Porsche by end of the year Balloon boy parents ready to surrender to police: lawyer Rights group in hot water over Israel criticism More Most Viewed » Boyzone singer Gately dies in Spain More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! 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