Nagoya Protocol gets 50th Instrument of Ratification
The Nagoya Protocol has received the required 50th instrument of ratification on July 14, 2014. India, having hosted CoP-11 to the Convention on Biodiversity (CBD) in Hyderabad in October 2012, is currently the President of CoP till CoP-12 to be held in Pyeongchang, South Korea in October 2014.
The Protocol on access and benefit sharing will enter into force on 90th day — October 12, 2014. It will facilitate early coming into effect of this significant international treaty that has been a priority of India as head of CoP. India played a significant role through its efforts in the last 21 months using political and diplomatic channels.
Ratification of the Nagoya Protocol by 51 parties to the CBD is also a considered as a major development towards achieving the first of the global Aichi Biodiversity Targets.
The Nagoya Protocol on Access to Genetic Resources and the Fair and Equitable Sharing of Benefits Arising from their Utilization to the Convention on Biological Diversityis a supplementary pact to the Convention on Biological Diversity (CBD). It provides a transparent legal framework for the effective implementation of one of the three objectives of the CBD: the fair and equitable sharing of benefits arising out of the utilization of genetic resources. The Protocol was adopted on October 29, 2010 in Nagoya, Aichi Province, Japan, and will enter into force on October12, 2014. It has been ratified by 50 states and the European Union. Its objective is the fair and equitable sharing of benefits arising from the utilization of genetic resources, thereby contributing to the conservation and sustainable use of biodiversity.