Honduran President Porfirio Lobo Sosa has announced a permanent shark sanctuary in Honduran waters encompassing all 240,000 square kilometres of the country's exclusive economic zone on both Pacific and Caribbean coasts.

"We have seen that protecting sharks helps our environment and our people," said Honduran Vice President María Antonieta Guillen de Bogran. "When tourists come to Roatan and other destinations, they spend money to see the sharks. But these animals don't just help the Honduran economy. Our coral reefs and marine environment thrive because these apex predators are safe in our waters. Today's declaration will help us all, underwater and on land, for generations to come."

The sentiments were echoed by Jill Hepp, manager of Global Shark Conservation for the Pew Environment Group. "Honduras has now set a conservation standard that other countries in the Americas should emulate. More and more, world leaders are realizing that, in addition to their value to the ecosystem, sharks are worth more alive -- for diving, snorkeling and watching -- than dead."

The landmark legislation was signed at an event hosted by the Pew Environment Group on the Honduran island of Roatan. President Sosa joined other government representatives from Central America to observe shark research off the coast. "Because of overfishing and the global fin trade, scientists estimate that up to 73 million sharks are killed every year," stated Maximiliano Bello, senior adviser to the Pew Environment Group in Latin America. "This action taken by Honduras today, along with the future actions it will inspire, will help immensely in lowering this unsustainable catch."

In September 2010, President Lobo Sosa joined President Johnson Toribiong o of Palau at the United Nations to challenge other world leaders to save sharks, stop the practice of finning and end global overfishing of the species.Palau established its shark sanctuary in 2009.

“More and more, world leaders are realizing that, in addition to their value to the ecosystem, sharks are worth more alive -- for diving, snorkeling and watching -- than dead."

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