The Nagoya Protocol is an international treaty that is a supplementary agreement to the Convention on Biological Diversity (CBD). It was adopted in 2010 and aims to provide a transparent legal framework for the effective implementation of one of the three objectives of the CBD.

The Nagoya Protocol has several key provisions and objectives that are important to understand:

1. Background:
The Convention on Biological Diversity (CBD) is an international agreement that aims to promote the conservation and sustainable use of biodiversity. It has three main objectives: conservation of biodiversity, sustainable use of its components, and the fair and equitable sharing of benefits arising from the utilization of genetic resources.

2. Objective of the Nagoya Protocol:
The Nagoya Protocol specifically focuses on the third objective of the CBD, which is the fair and equitable sharing of benefits arising from the utilization of genetic resources. It seeks to ensure that the benefits derived from the use of genetic resources are shared in a fair and equitable manner with the countries providing those resources.

3. Access to Genetic Resources and Benefit-Sharing:
The Nagoya Protocol establishes a set of rules and procedures for accessing genetic resources and sharing the benefits derived from their utilization. It requires parties to obtain prior informed consent from the countries providing the genetic resources and to enter into mutually agreed terms for benefit-sharing.

4. Compliance and Monitoring:
The Protocol also includes provisions for compliance and monitoring to ensure that parties are effectively implementing its provisions. It establishes a compliance mechanism that reviews the implementation of the Protocol and addresses cases of non-compliance.

5. Capacity Building and Technology Transfer:
The Nagoya Protocol recognizes the need for capacity building and technology transfer to support the effective implementation of its provisions. It encourages parties to provide technical and financial support to developing countries and indigenous and local communities to enhance their capacity to participate in the implementation of the Protocol.

In conclusion, the Nagoya Protocol is a supplementary agreement to the CBD that provides a transparent legal framework for the effective implementation of the third objective of the CBD, which is the fair and equitable sharing of benefits arising from the utilization of genetic resources. It establishes rules and procedures for access to genetic resources and benefit-sharing, compliance and monitoring, and promotes capacity building and technology transfer.