Nagoya Protocol Completes Required Number of Signatories to Enter into ForceAugust 13, 2014
The Nagoya Protocol on Access to Genetic Resources and the Fair and Equitable Sharing of Benefits Arising from their Utilization has been ratified by 51 Parties to the Convention on Biological Diversity (CBD) and thus will be implemented on October 12, 2014.
The Nagoya Protocol aims to create new incentives to conserve biodiversity, sustainable use of its components, and improve the role of biodiversity in sustainable development and human well-being.
The last 12 countries that have ratified the Protocol were Belarus, Burundi, Gambia, Madagascar, Mozambique, Niger, Peru, Sudan, Switzerland, Vanuatu, Uganda, and Uruguay. The completion of the ratification by 51 Parties to CBD is considered as a major step towards reaching the Aichi Biodiversity Target 16 which states that "by 2015, the Nagoya Protocol on Access to Genetic Resources and the Fair and Equitable Sharing of Benefits Arising from their Utilization is in force and operational, consistent with national legislation."
Read CBD's press release at http://www.cbd.int/doc/press/2014/pr-2014-07-14-Nagoya-Protocol-en.pdf.
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