Institutionalised mechanism forbenefit sharing mooted

As India gets ready to ratify the Nagoya Protocol on Access and Benefit Sharing (ABS) arising from utilisation of genetic resources, scientists and Intellectual Property Rights (IPR) experts point to the dangers of opening up the country’s rich biodiversity for exploitation by foreign powers without a domestic regulatory framework in place. The first meeting of the signatories to the protocol is being held in connection with the 11{+t}{+h}Conference of Parties to the Convention on Biological Diversity which began in Hyderabad on Monday.