“We’ve decided to go ahead with a shark fishing ban,” Ibrahim Didi, the fisheries and agriculture minister of the Maldives, said by telephone from Male, the capital. “Beginning July 1 there will be a total ban on exports.”
 In the United States, the Shark Conservation Act, which would sharply curtail the practice of “finning” — cutting off sharks’ fins and throwing the rest of the animal back into the sea — has passed the House of Representatives and is awaiting approval in the Senate.
Mr. Rand said more than 70 million of the fish were killed each year just to support the sharkfin trade. The vast majority of those are sold in China, Hong Kong and Taiwan, where they are used in sharkfin soup. Fins can fetch as much as $120 per kilogram, or 2.2 pounds, in Hong Kong.
“Sharks don’t have the ability to rebound,” he said. “They grow slowly and they’re late to mature.”Source: To see the rest of this news article click on the following link:
http://www.nytimes.com/2010/03/10/world/asia/10iht-shark.html?ref=world

This is great news for the  shark population,hopefully other countries will also ban shark fishing!