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Agarwood - CITES in India
August 3 , 2024
19 hrs 0 min
11
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- India recently increased the quota for exports through the Convention of International Trade in Endangered Species of Wild Fauna and Flora (CITES).
- Agarwood is prized for its aromatic and medicinal value.
- It is used in making incense sticks, essential oils and perfumes.
- It is listed as Threatened under the IUCN’s Red List.
- The tree has been listed in Appendix II of CITES since 1995.
- Its export from the country was banned until November 2021, but re-export was permitted.
- At least 139.89 million (13.989 crore) Agarwood plants under cultivation/ plantation in non-forest areas.
- As per CITES document, in 2023 the species was put under Review of Significant Trade (RST) for India along with four other Agarwood producing countries.
- Due to removal of India from the RST in 2024, peoples who are engaged directly or indirectly in Agarwood industry would be benefitted.
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