Even though the sharks that live in the Bahamas bring in millions of dollars from ecotourism and have a positive benefit on the ecosystem, a major Bahamian seafood company announced that it’s intention to slaughter any and all sharks and export their fins.

Thanks to the efforts of Pew Global Shark Conservation and the Bahamas National Trust, the 40 species of sharks won’t have to worry about having their fins cut off and dying a slow and painful death. On Tuesday, government officials signed into law the amendment that will protect the sharks in the 200,000 square miles around the Bahama Islands by prohibiting commercial shark fishing, as well as the import, export, and sale of shark products.

Agriculture and Marine Resources Minister Larry Cartwright told the Nassau Guardian that

“this is in keeping with the government’s commitment to pursue appropriate conservation measures and strategies in order to safeguard marine and terrestrial environment. This also responds to concerns expressed by citizens and by local, international and non-governmental organizations to the Government of The Bahamas, calling for strengthened protection of sharks in The Bahamas.”

The video below was created by PEW in April 2011, before any amendment was created, and describes the importance of protecting the sharks.