Twelve More Nations, EU, Sign Nagoya ProtocolPublished on 24 June 2011 @ 1:03 am
Intellectual Property Watch
Twelve more countries and the European Union have signed the Nagoya Protocol on access and benefit sharing of genetic resources.
The Nagoya Protocol to the UN Convention on Biological Diversity was completed in Nagoya, Japan in October 2010 (IPW, Biodiversity/Genetic Resources/Biotech, 29 October 2010), and will take effect 90 days after the fiftieth country ratifies it. After a CBD member signs the protocol, it must then ratify it at the national level.
The protocol provides guidelines for fair and equitable sharing of genetic resources, intended to help developing countries protect against misappropriation.
Austria, Bulgaria, the Czech Republic, Denmark, Finland, Germany, Hungary, Italy, Luxembourg, Netherlands, Sweden, United Kingdom and the European Union signed at UN headquarters on 23 June.
There were already 21 signatories (IPW, IP Live, 12 May 2011).
The UN press release is here.