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CITES: The Economics of Extinction

CITES: The Economics of Extinction

CITES: The Economics of Extinction by Phytosophy.org CITES is the acronym for the Convention on International Trade in Endangered Species of Wild Fauna and Flora. It is an agreement signed by various governments to regulate global trade of endangered species. The committee that recommends the rules and regulations, as well as decides which species are rare or not, is composed mainly of biologists, conservationists, ecologists, and taxonomists. However, many people question whether CITES is effective or if it accelerates the extinction of endangered species. This paper will discuss CITES and its relationship with orchids.