Access and Benefit Sharing
The Access to genetic Ressources and the fair and equitable sharing of Benefits arising from their utilization, briefly called "Access and Benefit sharing" (ABS) is one of the three overall objectives of the Convetion on Biological Diversity (CBD). With the Nagoya Protocol on Access and Benefit sharing a international threaty on ABS was adopted in Nagoya, Japan in 2010. In October 2014 when the 50th party ratified the Nagoya Protocol it entered into force.
The Protocol significantly advances the objective of the Convention on the fair and equitable sharing of benefits arising from the utilization of genetic resources by providing greater legal certainty and transparency for both providers and users of genetic resources. By promoting the use of genetic resources and associated traditional knowledge, and by strengthening the opportunities for fair and equitable sharing of benefits from their use, the Protocol will create incentives to conserve biodiversity, sustainably use its components, and further enhance the contribution of biodiversity to sustainable development and human well-being. To date, 68 Parties have ratified the Nagoya Protocol.