AIRLINK 69.20 Decreased By ▼ -3.86 (-5.28%)
BOP 4.90 Decreased By ▼ -0.19 (-3.73%)
CNERGY 4.26 Decreased By ▼ -0.11 (-2.52%)
DFML 31.25 Decreased By ▼ -1.20 (-3.7%)
DGKC 77.25 Increased By ▲ 1.76 (2.33%)
FCCL 20.00 Increased By ▲ 0.48 (2.46%)
FFBL 35.00 Decreased By ▼ -1.15 (-3.18%)
FFL 9.12 Decreased By ▼ -0.10 (-1.08%)
GGL 9.80 Decreased By ▼ -0.05 (-0.51%)
HBL 112.76 Decreased By ▼ -3.94 (-3.38%)
HUBC 133.04 Increased By ▲ 0.35 (0.26%)
HUMNL 6.95 Decreased By ▼ -0.15 (-2.11%)
KEL 4.23 Decreased By ▼ -0.18 (-4.08%)
KOSM 4.25 Decreased By ▼ -0.15 (-3.41%)
MLCF 36.60 Increased By ▲ 0.40 (1.1%)
OGDC 132.87 Decreased By ▼ -0.63 (-0.47%)
PAEL 22.64 Increased By ▲ 0.04 (0.18%)
PIAA 24.20 Decreased By ▼ -1.81 (-6.96%)
PIBTL 6.46 Decreased By ▼ -0.09 (-1.37%)
PPL 116.30 Increased By ▲ 0.99 (0.86%)
PRL 25.90 Decreased By ▼ -0.73 (-2.74%)
PTC 13.08 Decreased By ▼ -1.02 (-7.23%)
SEARL 52.00 Decreased By ▼ -1.45 (-2.71%)
SNGP 67.60 Increased By ▲ 0.35 (0.52%)
SSGC 10.54 Decreased By ▼ -0.16 (-1.5%)
TELE 8.28 Decreased By ▼ -0.14 (-1.66%)
TPLP 10.80 Increased By ▲ 0.05 (0.47%)
TRG 59.29 Decreased By ▼ -4.58 (-7.17%)
UNITY 25.13 Increased By ▲ 0.01 (0.04%)
WTL 1.27 No Change ▼ 0.00 (0%)
BR100 7,409 Decreased By -52.4 (-0.7%)
BR30 24,036 Decreased By -134.9 (-0.56%)
KSE100 70,667 Decreased By -435.6 (-0.61%)
KSE30 23,224 Decreased By -170.8 (-0.73%)
Business & Finance

Yahoo Japan to end ivory trade on its websites

TOKYO: Yahoo Japan said Wednesday it will end the trade of ivory on all its websites from November, after pressure f
Published August 28, 2019

TOKYO: Yahoo Japan said Wednesday it will end the trade of ivory on all its websites from November, after pressure from conservationists.

The decision follows the internet company's marketplace rivals Rakuten and Mercari adopting a ban in 2017, responding to international concerns that the Japanese domestic market could fuel smuggling through poor law enforcement.

A 1989 ban prohibits international ivory trading but the domestic ivory business remains legal in Japan, with the majority of items sold either from registered stockpiles or predating the ban.

However, some traders in the country have been suspected of dodging the rules.

Yahoo Japan said it made the decision after it confirmed that ivory traded on its auction site -- which is among the most popular in the country -- was "smuggled abroad and detected by foreign customs authorities".

The company said after careful consideration of the global ivory situation and advice from environmental groups they had "decided to ban the transactions of all ivory products in its e-commerce services from November 1, 2019".

Conservation activists hailed the move.

"WWF and Traffic welcome this critical step taken by Yahoo Japan to align themselves with the global efforts to combat illegal wildlife trade online," Crawford Allen, senior director on wildlife crime at the NGO Traffic, said in a statement.

The sale of ivory is a multi-billion-dollar industry, with elephant tusks and other body parts coveted in Asia and the Middle East for ornaments and use in traditional medicine.

China banned ivory sales at the end of 2017 in an attempt to rein in what used to be the product's largest market in the world, and banned imports in 2015.

Copyright AFP (Agence France-Press), 2019

Comments

Comments are closed.