On 29 October 2010, the Nagoya Protocol on Access to Genetic Resources and the Fair and Equitable Sharing of Benefits Arising from their Utilization (ABS) to the Convention on Biological Diversity

Guidance for those conducting research and development on genetic resources.

The Convention on Biological Diversity is a multilateral treaty with 193 parties, including Australia. The three objectives of the convention are:

The Nagoya Protocol is an international agreement that shares the benefits of genetically modified organisms and allows biodiversity goals to be achieved.

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The Caribbean is a rich biodiversity hotspot. It has over 11,000 plant species and about 72 of these are found only in this region. As the world benefits from the Caribbean’s biodiversity and traditional knowledge, countries need to be compensated for their…