Review:
Nagoya Protocol On Access To Genetic Resources And The Fair And Equitable Sharing Of Benefits Arising From Their Utilization
overall review score: 4.5
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score is between 0 and 5
The Nagoya Protocol is a supplementary agreement to the Convention on Biological Diversity that aims at sharing the benefits arising from the utilization of genetic resources in a fair and equitable manner.
Key Features
- Ensuring access to genetic resources is provided with prior informed consent
- Establishing mutually agreed terms for benefit-sharing
- Increasing transparency and accountability in the use of genetic resources
Pros
- Promotes conservation and sustainable use of biodiversity
- Encourages cooperation between countries for fair benefit-sharing
- Provides legal certainty for users of genetic resources
Cons
- Complexity in implementation and compliance for different stakeholders
- Challenges in monitoring and enforcing compliance