Tagged rosewood

BACKFIRE

— investors are buying endangered species not to use and own, but in anticipation that their prices will rise. this shift explains why international trade restrictions often do not protect endangered species. read : restricting trade in endangered species can backfire, triggering market booms

LEGALIZE OR NOT TO LEGALIZE

— since then, in consecutive meetings, cites has extended the embargo and rejected iterations of the “stockpile verification mechanism and business plan” put forth by the malagasy government for auditing and ultimately legally exporting the stock of precious wood in its custody. read : conservationists call for lasting ban on trade in Malagasy precious timber    

KEEP TABS ON PROCEEDINGS

— even for experienced eyes, sifting through 200 documents to be considered at the upcoming convention on international trade in endangered species of wild fauna and flora (CITES) conference is a challenge. here is a sneak peak! read article : what to expect at CITES more : CITES cop17