'Access and Benefit Sharing Agreement' is a core part of which of the...
The correct answer is the Convention on Biological Diversity.
Key-Points - Access and Benefit Sharing Agreement (ABSA)
- It is an agreement that defines the fair and equitable sharing of benefits arising from the use of genetic resources.
- It requires a foreign partner to get prior consent from the host country to use a biological resource.
- Such an agreement must result in a share of the benefits between the biodiversity-rich country and the prospecting firm.
- The concept of ABSA stems from the Convention on Biological Diversity which, among other objectives, seeks to ensure the fair and equitable sharing of benefits arising from genetic resources.
- Hence option 3 is correct.
- The Nagoya Protocol, a supplementary agreement to the Convention on Biological Diversity, provides a legal framework for implementing that objective.
- Article 5 of the Nagoya Protocol requires that benefits arising from the utilization of genetic resources, as well as from subsequent applications and commercialization, to be shared fairly and equitably with the party providing such resources.
- Article 5 states that such sharing shall be upon mutually agreed terms.
- CBD Convention on Biological Diversity - 1994
- The objectives of the CBD are the conservation of biological diversity, the sustainable use of its components, and the fair and equitable sharing of the benefits arising from commercial and other utilization of genetic resources.
- The agreement covers all ecosystems, species, and genetic resources.
Additional Information
International Plant Protection Convention - 1952 - The IPPC aims to protect world plant resources, including cultivated and wild plants, by preventing the introduction and spread of plant pests and promoting the appropriate measures for their control.
- The convention provides the mechanisms to develop the International Standards for Phyto-sanitary Measures (ISPMs) and to help countries to implement the ISPMs and the other obligations under the IPPC by facilitating national capacity development, national reporting, and dispute settlement.
- The Secretariat of the IPPC is hosted by the Food and Agriculture Organization of the United Nations (FAO).
International Treaty on Plant Genetic Resources for Food and Agriculture - 2004 - The objectives of the Treaty are the conservation and sustainable use of plant genetic resources for food and agriculture and the fair and equitable sharing of the benefits arising out of their use, in harmony with the Convention on Biological Diversity, for sustainable agriculture and food security.
- The Treaty covers all plant genetic resources for food and agriculture, while its Multilateral System of Access and Benefit-sharing covers a specific list of 64 crops and forages.
The Treaty also includes provisions on Farmers' Rights. - Convention on International Trade in Endangered Species of Wild Fauna and Flora - 1975
- It aims to ensure that international trade in specimens of wild animals and plants does not threaten their survival.
- Through its three appendices, the Convention accords varying degrees of protection to more than 30,000 plant and animal species.
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'Access and Benefit Sharing Agreement' is a core part of which of the...
Convention on Biological Diversity (CBD) is the treaty or convention that encompasses the 'Access and Benefit Sharing Agreement' (ABS) as a core part.
Convention on Biological Diversity (CBD)
The CBD is an international treaty that was adopted in 1992 during the Earth Summit in Rio de Janeiro, Brazil. It aims to promote the conservation and sustainable use of biological diversity, as well as the fair and equitable sharing of benefits arising from the utilization of genetic resources.
Access and Benefit Sharing Agreement (ABS)
The ABS agreement is a key component of the CBD. It addresses the fair and equitable sharing of benefits that arise from the utilization of genetic resources, including traditional knowledge associated with genetic resources. The ABS agreement recognizes the sovereign rights of countries over their genetic resources and aims to ensure that the benefits derived from these resources are shared in a fair and equitable manner.
Importance of ABS
The ABS agreement is important for several reasons:
1. Conservation of biodiversity: By ensuring that benefits are shared, the ABS agreement provides an incentive for countries to conserve their biodiversity and protect their genetic resources.
2. Sustainable use of genetic resources: The ABS agreement encourages the sustainable use of genetic resources by promoting the fair and equitable sharing of benefits. This ensures that the resources are not overexploited or used in a manner that is detrimental to their conservation.
3. Recognition of traditional knowledge: The ABS agreement recognizes the value of traditional knowledge associated with genetic resources. It seeks to protect and promote the rights of indigenous and local communities who have developed valuable knowledge and practices related to the use of genetic resources.
4. Development and capacity building: The ABS agreement promotes the transfer of technology and the building of capacity in developing countries, enabling them to benefit from the utilization of their genetic resources.
Conclusion
In conclusion, the 'Access and Benefit Sharing Agreement' is a core part of the Convention on Biological Diversity (CBD). It plays a crucial role in promoting the conservation and sustainable use of genetic resources, as well as the fair and equitable sharing of benefits derived from these resources.
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