Business Standard
Sunday, Feb 12, 2012
Sponsored by  
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
|||||Opinion|||| 
 Section Home | Editorials | Compass | BS People | Columnists | Lunch with BS
Home > Opinion & Analysis Live Markets | Commodities
 

Legally bound
India has stake in protecting genetic resources
Business Standard / New Delhi May 31, 2010, 00:09 IST

New Delhi has done well to declare its intention to play a proactive role at the forthcoming Convention on Biological Diversity (CBD) at Nagoya (Japan) in October for thrashing out a legally binding pact on access to and benefit-sharing of biological resources. Being one of the world’s 12 mega biodiversity centres, India has substantial stakes in both preserving the biodiversity and capitalising on its commercial potential. Though the CBD, signed under the aegis of the United Nations in 1992, provides for equitable sharing of benefits from the use of genetic resources and related knowledge, there are no legally binding rules to enforce these provisions. The Bonn convention, adopted by the Conference of the Parties (COP) to the CBD in 2002, lays down guidelines on access to genetic resources and fair and equitable sharing of benefits but these are not mandatory rules and remain only on paper. The inordinate delay in adopting a mandatory global accord is leading to unfair and indiscriminate exploitation of the earth’s genetic resource pool created through evolutionary processes over billions of years. So is the case with traditional knowledge acquired by communities about the gainful uses of these resources. A large number of flora and fauna species have gone extinct, resulting in innumerable useful genes being lost for good. It is, therefore, necessary that the proposed binding global protocol on access to and benefit-sharing of biological diversity, as distinct from the CBD, is put in place without further delay.

However, this task is unlikely to be easy. While India and most other developing countries are in favour of such a binding pact on this vital issue, the developed countries, which are the major beneficiaries of lack of such an accord, are vehemently opposed to it. Bringing about a convergence of such diametrically opposite stands will require intense negotiations before and during the Nagoya meet. Besides, the commercial interests are too formidable to allow building of consensus with ease. The new intellectual property regime, biased primarily towards trade-related intellectual property rights (TRIPs), as also the multinational seeds and pharmaceutical companies that tap biodiversity and traditional knowledge for new genes and drugs, tend to view this issue more from western intellectual property norms rather than the need for conservation of these resources. The diversity-rich developing countries are their main target for sourcing the desired gene and drug molecules. India has been a major victim of bio-piracy, having had to fight costly legal battles abroad to safeguard its sovereign rights over products like haldi (turmeric), neem (Azadirachta indica), basmati rice and the like. Going by official reckoning, some 2,000 patents related to Indian systems of medicine are granted every year in the US, Europe and elsewhere. It is only in the past decade that India has tried to put in place an internal regime to protect its bio-resources and conventional wisdom. Apart from enacting the Biological Diversity Act, 2002, the National Biodiversity Authority and the Traditional Knowledge Digital Library have been set up for this purpose. Moreover, national bureaus (read gene banks) have also been created to preserve genetic resources relating to plants, animals, fish, insects and microbes. However, national action alone is limiting in the absence of a binding global pact.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Weekly: Uptrend continues, broader markets outperform
- Bad roads, power cuts main poll issues in Bareli, Amethi
- Pantaloon Retail, Trent on a re-structuring drive
- Dassault, RIL ink MoU for collaboration in defence sector
- Unity Infra to raise Rs 175 cr, diluting stakes in two SPVs
  Read Business news in 
- Now property search gets more exciting than ever before!
- IndianOil Citibank Card at Zero annual card fee
- Are You Serious About Your Future? Click here to know more
- Financial Learning now made easier and more convenient.
- Earn fuel worth Rs.2400 with Citi
- India's No. 1 Property Site. Click here to know more..
- Win a Business Class Ticket to Europe..Know more..
- Exim Bank Conclave on India - Africa Project Partnership. Know more..
- Be part of it The World's Largest Aircraft.
- Creating Wealth made simple the SIP way. Know more..
- Only Developer to give a guarantee on time space & rate.
- Office 365 for professionals and small businesses.
- Buy Your Property with Our Triple Guarantee in India.
- Improve Patient Care & Experience. Click here to know more
-  Introduce a New Automotive Luxury Car.. know more
- Health is Wealth..... Insurance + Savings... Know More...
Sorry, comments to this story are closed
Latest Messages
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
Most Popular
Read
E-Mailed
Commented
   
- This V-Day, hotels serve love at first bite
- Jyoti Malhotra: Islands in the storm
- Government seeks India Inc help to push agriculture schemes
- Sreelatha Menon: Recycling microfinance
- S&P downgrades ratings of 34 Italian banks
 
 More  
BUSINESS STANDARD INDIA 2012
  Now available at Special price
  Rs.395/- Only
  Buy Now
  Now available on the Kindle Store...
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
  Hot Searches  
 
Ambassador car |  Uttarakhand |  TCS |  Sarfaesi Act |  Vodafone |  DZire |  Aakash tablet |  Sodexo |  NHAI |  Companies Bill 2011 |  Playbook |  Rupee |  Samsung Galaxy Note |  Kingfisher Airlines |  FDI in retail |  Silver |  Provident Fund |  income tax refund |  Anna Hazare |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  TCS |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us