The Convention on the Trade in Endangered Species (CITES) has imposed trade restrictions on all 300 species of rosewood. Rosewoods are a major source of wood for furniture and other products. The Cites summit also applied new protection to an African rosewood from another genus, known as Kosso, which grows in the dry forests of west Africa. A 65 times increase since 2005 puts the value of the trade at an estimated $2.2bn p.a. The UN Office of Drugs and Crime reports that rosewood is the most trafficked wild product in the world, providing a third of all seizures in terms of value.
The Convention on the Trade in Endangered Species (CITES) has imposed trade restrictions on all 300 species of rosewood. Rosewoods are a major source of wood for furniture and other products. A 65 times increase since 2005 puts the value of the trade at an estimated $2.2bn p.a. The UN Office of Drugs and Crime reports that rosewood is the most trafficked wild product in the world, providing a third of all seizures in terms of value.