You asked: How does illegal wildlife trade affect the economy?

Wildlife crime undermines the economic prosperity of countries and communities in the region, deteriorating their natural capital, social stability and cohesion, and threatening sustainable economic development, including the erosion of benefits derived from legal nature-based enterprises like tourism.

What are the impacts of illegal wildlife trade?

Global illegal wildlife trading is a major threat to environmental biosecurity, biodiversity, human health and wellbeing and directly threatens tens of thousands of species. It is also a likely source of invasive species.

How does illegal wildlife trade affect humans?

“Wildlife crime endangers the health of our planet – and our own health. Pangolins offer no threat to humans in their own habitat, but allowing them to be trafficked, slaughtered and sold in illicit markets along with other wild species greatly increases the risk of transmission of viruses and other pathogens.

Why is wildlife trade harmful?

Illegal wildlife trade contributes to habitat destruction, which removes necessary buffer zones between humans and wild fauna, making it more likely that animal pathogens come into contact with people. … We know that many emerging infectious diseases in recent times have originated in wild animals.

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What is the value of illegal wildlife trade?

The value of illegal trade has been estimated at between $7 and $23 billion per year, making wildlife crime one of the most lucrative illegal businesses, often run by sophisticated, international, and well-organized criminal networks seeking to exploit the high rewards and low risks of the trade.

What is wildlife trade Why is it useful?

Why do people trade wildlife? People trade wildlife for cash or exchange it for other useful objects – for example, utensils in exchange for wild animal skins. Driving the trade is the end-consumer who has a need or desire for wildlife products, whether for food, construction or clothing.

How does illegal trade affect biodiversity?

Wildlife trafficking contributes to the loss of biodiversity, threatens in particular endangered species – lions, elephants, tigers, rhinos, whales, turtles and others – with extinction and leads to substantial loss of income for populations in the third world.

How are animals affected by illegal hunting?

It leads to extinction

Poaching is the primary reason some animals are today considered extinct while others categorized as endangered species. The African elephant, for instance, has been hunted in large numbers and over 100,000 were killed between 2014 and 2017 for their ivory.

Why should wildlife trade be banned?

As a result of the COVID-19 pandemic, a global economic downturn of nearly 5% has been predicted – potentially leading to unemployment, poverty and hunger for people around the world. Banning the cruel global wildlife trade will reduce the risk of another outbreak and help protect our livelihoods.

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Which wildlife products are traded illegally?

In India, it includes diverse products including mongoose hair; snake skins; Rhino horn; Tiger and Leopard claws, bones, skins, whiskers; Elephant tusks; deer antlers; shahtoosh shawl; turtle shells; musk pods; bear bile; medicinal plants; timber and caged birds such as parakeets, mynas, munias etc.

What is illegal trafficking?

Introduction. Drug trafficking is a global illicit trade involving the cultivation, manufacture, distribution and sale of substances which are subject to drug prohibition laws.

What is the most illegally traded animal?

Pangolins are believed to be the world’s most trafficked mammal, accounting for as much as 20% of all illegal wildlife trade. According to the International Union for Conservation of Nature (IUCN), more than a million pangolins were poached in the decade prior to 2014.