CITES, which stands for the Convention on International Trade in Endangered Species of Wild Fauna and Flora, is a crucial international agreement formed between governments around the world. The primary objective of CITES is to ensure that international trade involving specimens of wild animals and plants does not pose a threat to the survival of these species. The agreement covers a wide range of species, which are categorized into different appendices based on how threatened they are by international trade. To import or export any species that is listed under CITES, one must obtain a special permit. These permits are issued only after a thorough assessment that confirms the trade will not adversely affect the species’ chances of survival in the wild. Additionally, CITES promotes conservation by requiring member countries to adopt legislation to implement its provisions, thus making it a pivotal tool in the global effort to combat wildlife extinction and illegal trafficking.

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Decoding Trade Finance | A Comprehensive Guide for User | FreightAmigo