UN Treaty to Combat Biopiracy and Protect Indigenous Knowledge Finalized

The landmark agreement mandates transparency in the use of genetic resources, marking a significant step towards protecting indigenous contributions.

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.