Political stability and judicial predictability are crucial to the success of developing tropical countries that seek to commercialize their indigenous genetic resources
When used properly, the ABS-MT will benefit governments and indigenous and local communities by providing them with a clear set of outcomes and steps when negotiating appropriate terms for approving access to the genetic resources
they own and manage.
Secondly, the principle of equitable sharing of profits derived from sovereign genetic resources
is "steadily emerging as a rule of customary law" (p.
Any potential agbio investors will do well to take only a shortterm view of any applicant's patent claims if they related to the protection of genetic resources
emanating from the Third World.
A statement by the Convention on Biological Diversity noted: "The guidelines on genetic resources
promise to improve the way foreign countries gain access to resources in return for sharing the benefits with the countries of origin and with local communities.
Food and Agriculture Organization (FAO), will be the first binding treaty to protect plant genetic resources
, or plant heads, seeds and genes that could be used to develop new crops, the official told Kyodo News.
Is it possible that ownership of the genetic resources
of the world, concentrated in the hands of a few biotech companies, will improve food distribution?
The Asia and Pacific region contains more than one-fifth of the world's animal genetic resources
, which are freely available in the South are being expropriated without reward or recognition for their traditional custodians.
As part of a draft revision to the International Undertaking on Plant Genetic Resources
, adopted in 1983, the FAO is calling for the creation of a multilateral organization to manage plant genetic resources
and redistribute some of the royalties on patented products to the countries of origin, mainly developing countries, the sources said.
More to the point, attractive young women were more than within their rights to market their most precious genetic resources
The Convention is the focus for international efforts to conserve the world's biological diversity, to ensure sustainable development, and to promote a fair and equitable sharing of the benefits arising from the use of genetic resources