July 19, 2010

Major Advances on Global Agreement on Planet’s Genetic Resources

Filed under: biodiversity — inece @ 2:35 pm

Following seven days of intense and complex negotiations, and with the financial support of Japan, the world’s governments have made major breakthroughs on a text of a legally binding protocol on access to, and sharing of, the benefits from the use of the genetic resources of our planet.

The draft Aichi Nagoya Protocol on Access and Benefit-Sharing (ABS) is now in place, and will be finalized and adopted on 29 October 2010 at the tenth meeting of the Conference of the Parties (COP 10) to the Convention on Biological Diversity (CBD).

Access and benefit-sharing refers to the way genetic resources—whether plant, animal or microorganism—are accessed in countries of origin, and how the benefits that result from their use by various research institutes, universities or private companies are shared with the people or countries that provide them. Ensuring the fair and equitable sharing of benefits from the use of genetic resources is one of the three objectives of the Convention on Biological Diversity.

Excerpted from a CBD Press Release

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