Leaders of four African countries have vowed to continue honoring a 10-year moratorium on sales of ivory.
The leaders of Botswana, Gabon, Chad and Tanzania made the statement at a gathering in London to discuss the illegal wildlife trade, BBC reported Thursday.
The objective of the move is to draw up a global declaration that will deal with illegal animal trafficking.
The African leaders have said they will not act on an option to sell from their ivory stockpiles in an effort to protect elephants.
Conservationist organizations insist that poaching has reached a crisis point, pointing out that tens of thousands of elephants, rhinos and tigers are being slaughtered each year.
The WWF estimates that the animal black market is worth USD19 billion per year.
The bulk of poaching takes place in Africa, but much of the demand comes from Asia, where animal products, such as rhino horns, are used in traditional medicine or are purchased by the wealthy as trophies.
This is while the United Nations Security Council (UNSC) recently threatened to sanction entities in the Democratic Republic of the Congo that support illegal wildlife poaching and trafficking.
The UNSC unanimously adopted the Congo resolution late last month, extending the arms embargo and other sanctions intended to curtail decades-long and persisting conflict in the nation’s enormous eastern territories, where several militias continue to cause unrest.
The resolution further stated that among those that could face an international travel ban and asset freeze are "individuals or entities supporting armed groups in the DRC through illicit trade of natural resources, including gold or wildlife as well as wildlife products."