Sharing the benefits of using genetic resources
Companies, private collectors and institutions who use valuable genetic resources derived, for example, from third world plants and animals, will have to obtain an international certificate under new rules to be put to a vote on Tuesday. These rules, already informally agreed with the Council of Ministers, are designed to prevent biopiracy.
The agreement also covers traditional knowledge possessed by indigenous or local communities. The new rules should contribute to the conservation of biological diversity and the sustainable use of its components.
The rules will oblige users, such as private collectors and companies, academic researchers and scientific institutions, to check that genetic resources and associated traditional knowledge have been accessed legally and ensure that the benefits are shared fairly and equitably, on mutually agreed terms.
Vote: Tuesday, 11 March
Procedure: Co-decision (ordinary legislative procedure), first reading agreement
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