Supporting businesses and communities from more than 15 countries and three continents, the BioTrade Initiative is showing that private sector is an important driver for the conserving biodiversity and creating broader sustainable development opportunities.
Direct Support to Local Businesses
BioTrade's contribution allowed local communities in Bolivia to successfully implement sustainable management plans resulting in exports of skins and products derived from the Caiman Yacare, a species of crocodile, to Italy, generating over US$1.4 million in sales (a 282% increase over 2003). Exports of these products to the United States now total US$500,000 (up 364% over 2003). Such management plans ensure that harvesting does not exceed the reproduction of species and that the communities maintain a clean environment enabling species to thrive.
Private Sector Involvement policy formulation and implementation processes
BioTrade has been a key platform bringing together policy makers, regulators, governments of exporting countries and companies to effectively formulate a regulation that will meet importing countries' regulations while avoiding avoid hindering important advances in environmental conservation. This dialogue led to the development of sustainable business opportunities for local producers and communities:
- In Southern Africa, the development of products derived from native biodiversity, such as the baobab tree, kalahari melons, mobola plum, among others, have already benefited some 30 thousand producers.
- In the Peruvian Amazon, approximately 3,000 rural families now participate in the extraction activities of Camu-camu, a tree native to the region.