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DAILY NEWS ANALYSIS

  • 30 November, 2022

  • 5 Min Read

Nagoya Protocol

Nagoya Protocol

The Nagoya Protocol has yet to provide benefits to indigenous populations in Mexico.

Concerning Nagoya Protocol

Coverage:

  • The Nagoya Protocol applies to genetic resources that are covered by the CBD, and to the benefits arising from their utilization.
  • The Nagoya Protocol also covers traditional knowledge (TK) associated with genetic resources that are covered by the CBD and the benefits arising from its utilization.

Importance:

The Nagoya Protocol will create greater legal certainty and transparency for both providers and users of genetic resources by:

  • Establishing more predictable conditions for access to genetic resources.
  • Helping to ensure benefit-sharing when genetic resources leave the country providing the genetic resources
  • By helping to ensure benefit-sharing, the Nagoya Protocol creates incentives to conserve and sustainably use genetic resources, and therefore enhances the contribution of biodiversity to development and human well-being.

India Signatory to Protocol:

  • India signed the Nagoya Protocol in 2011 and ratified it in October 2012.
  • The ratification by India was done at the 11th Conference of Parties (COP) to the CBD, which was conducted in Hyderabad.

Read Also: Biodiversity And Environment

Source: Down To Earth


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