UN reaches consensus on international treaty to combat biopiracy

Over 190 countries reached a significant agreement on a patent treaty to combat biopiracy, the exploitation of genetic resources and traditional knowledge of indigenous peoples, following more than two decades of negotiations. The treaty requires patent applicants to disclose the origin of genetic resources and traditional knowledge used in their inventions, aiming to prevent biopiracy and ensure that inventions are truly innovative and that affected countries and communities have agreed to use their resources.

Member countries of the World Intellectual Property Organization (WIPO) met in Geneva for over two weeks to finalize the treaty, marking a historic moment in intellectual property, genetic resources, and traditional knowledge. This is the first WIPO treaty to include specific provisions for indigenous peoples and local communities, aiming to strike a balance between innovation incentives and transparency in the patent system.

The transparency requirements outlined in the treaty are expected to strengthen the implementation of the Nagoya Protocol, ensuring that those providing genetic resources and traditional knowledge receive benefits for their use. While the agreement may not be revolutionary, it signifies a shift towards more responsible patent practices and recognizes the importance of genetic resources in various inventions.

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Overall, the agreement on the patent treaty marks a significant milestone in the protection of genetic resources and traditional knowledge, setting a precedent for responsible patent practices and innovation incentives. This development signifies a step towards a more inclusive and transparent intellectual property system, benefiting countries, communities, and inventors worldwide.