Nagoya Protocol on Access and Benefit Sharing Enters into Force

Governments concur on a sequence of actions that will move forward the Nagoya Protocol on Access and Benefit Sharing, which entered into force on October 12, 2014. Representatives of governments convened in Pyeongchang, Korea, on October 13-17, 2014, for the first Meeting of the Conference of the Parties serving as the meeting of the Parties to the Nagoya Protocol (COP MOP1). Among the decisions approved were mechanisms to ensure compliance with the Protocol, measures to assist institutional capacities in developing countries, and a strategy to raise awareness of the international instrument.

The Nagoya Protocol was agreed in 2010 and has received 54 ratifications. It was established to set clear rules for accessing, trading, sharing and monitoring the use of the world's genetic resources that can be used for pharmaceutical, agricultural, cosmetic and other purposes.

Read the press release at http://www.cbd.int/doc/press/2014/pr-2014-10-17-np-cop-mop-1-en.pdf.