Twelve More Nations, EU, Sign Nagoya Protocol 24/06/2011 by Intellectual Property Watch 1 Comment IP-Watch is a non-profit independent news service, and subscribing to our service helps support our goals of bringing more transparency to global IP and innovation policies. To access all of our content, please subscribe now. You also have the opportunity to offer additional support to your subscription, or to donate. 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. "Twelve More Nations, EU, Sign Nagoya Protocol" by Intellectual Property Watch is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.