Context: India has successfully prevented the inclusion of Aquilaria malaccensis (agarwood) in the Review of Significant Trade (RST) under CITES, allowing for a new export quota.
- This development will benefit farmers, particularly in Assam, Manipur, Nagaland, and Tripura.
- Informal trade had increased due to past restrictions, but the new quota aims to regulate and legalize the trade.
About Agarwood:
- Agarwood, used in the aroma industry, medicine, and air fresheners, has a significant economic impact.
- The essential oil from agarwood has multiple traditional and medicinal uses, making it a valuable commodity.
Source: TH
