Overview

• The treaty requires patent applicants to disclose the origins of genetic resources and traditional knowledge used in inventions.
• It aims to combat biopiracy and ensure that indigenous communities are acknowledged for their contributions.
• Over 190 nations reached this agreement after more than two decades of negotiations.
• Sanctions for non-compliance were a major point of contention, with a compromise allowing rectification before penalties.
• The treaty will take effect as international law once 15 countries adopt it.