India, Nepal, BanglaDesh and Paksitan have agreed to develop a joint institutional mechanism to protect the growing threat to wildlife in their region. This joint mechanism has been developed because presently, wildlife is being poached in one country, stockpiled in another and then traded across the South Asia region.

This lucrative trade has been pegged at $20 billion annually and is second to narcotics, a latest Interpol report has pointed out.