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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 387.19-0.7%Dec 2 4:00 PM EST

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To: TobagoJack who wrote (138030)1/12/2018 4:43:43 AM
From: Snowshoe  Read Replies (3) of 218147
 
Another closure for the greater good...

China Shuts Down Its Legal Ivory Trade
news.nationalgeographic.com

As of December 31, China’s legal, government-sanctioned ivory trade will come to a close. All of the country’s licensed ivory carving factories and retailers will be shuttered in accordance with a landmark 2015 announcement from Chinese President Xi Jinping and then U.S. President Barack Obama.

China and the U.S. both agreed to “near-complete” ivory bans, which prohibit the buying and selling of all but a limited number of antiques and a few other items. The U.S.’s ivory ban went into effect in June 2016. China’s goes into effect December 31, 2017.

China is widely believed to be the world’s largest consumer of ivory, both legal and illegal, and it plays a major role in the yearly slaughter of some 30,000 African elephants by poachers. Ivory is in demand for intricate carvings, trinkets, chopsticks, and other items.
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