Yemen signs Nagoya protocol
The Source: NEW YORK/hadhramaut.info/sabanews.net - 04/02/2011
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October at the 10th meeting of the Conference of Parties to the U.N. Convention on Biological Diversity or COP10.Yemen has signed the Nagoya Protocol on biodiversity adopted last
The protocol was signed Yemen's permanent representative to the U.N. ambassador Abdullah al-Saydi.Yemen, Algeria, Brazil, Colombia and Japan were the first signatories to the Protocol.Executive secretary of the Convention on Biological Diversity Ahmed Djoghlaf praised the outstanding role of Yemen during its presidency of the Group of 77 and China last year, which contributed to the adoption of this protocol in Japan in October 2010.The protocol will come into effect 90 days after being ratified by the 50th country. As the chair of COP10, Japan plans to complete coordination among ministries within a year to sign the protocol, which is intended to facilitate access to genetic resources and equitable sharing of benefits from their utilization.
Ahmed Djoghlaf sounded optimistic about the protocol's early effectuation.
"We are confident that many others will follow the four countries to sign the protocol...and that we will be able to ensure the entry into force of the protocol before our next conference," he said at the same press conference".The protocol aims to set rules for the use of genetic resources, which are used for various purposes, ranging from basic research to the development of medicines, heath food and other products.It also aims at equally and fairly sharing benefits arising from the commercialization of products based on genetic resources among companies and their countries of origin.
Resource-rich countries in the developing world have sought a greater share of benefits secured by companies that use their resources to develop medicines and other products. These companies are typically based in the developed world.
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