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The economy of legal wildlife trade

The economy of legal wildlife trade

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Uploaded 21 Feb 2012 by GRID-Arendal
Year: 2008 Author: Hugo Ahlenius, UNEP/GRID-Arendal
Description:
The trade in wild species can contribute significantly to rural incomes, and the effect upon local economies can be substantial. The high value of wildlife products and derivatives can also provide positive economic incentives to provide an alternative to other land use options for the local people - to protect wild species and their habitats, and to maintain the resource for sustainable and profitable use in the medium and long term. Consequently, managed wildlife trade can be beneficial to species and habitat conservation, as well as contributing towards livelihoods and social development. Legal international wildlife trade, according to one estimate, was worth around € 240 billion (USD 300 billion) in 2005, most of it accounted for by timber and fisheries. Illegal trade is big business too. By its nature, the scale of illegal wildlife trade is impossible to know precisely. One guess puts the value of illegal caviar trade at many times that of legal commerce—itself worth €244m. ...
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