IFAW

The Economics of the Ivory Trade

User Image zooillogix | October 28, 2008
As reported in the NY Times and elsewhere, an auction of 108 metric tons of ivory took place today in Namibia, Botswana, Zimbabwe and South Africa. The buyers were exclusively from China and Japan. Not surprisingly, this sale has raised the ire of animal welfare groups, such as the International Fund for Animal Welfare (IFAW). You might be surprised to learn however that this was a legal auction sanctioned, and in fact run, by CITES, the Convention on International Trade in Endangered Species of Wild Fauna and Flora. So here are the facts: * All of the ivory sold comes from government…