Film on the strategic partnership between the Union for Ethical BioTrade (UEBT), PhytoTrade Africa and the ABS Capacity Development Initiative.
These three entities have joined forces to provide expertise and networks for stakeholders seeking specific legal and technical expertise in the valorization of biological resources and, ultimately, the establishment of Access and Benefit Sharing (ABS) compliant value chains.
That is all the more important given ABS is high on the agenda worldwide. The Nagoya Protocol is in force since October 2014. ABS laws are being developed and revised in many countries. At the same time market demands are changing. Consumers are increasingly basing their buying decisions on ethical criteria.
Companies need to act on this new reality which changes the way bioprospecting is being conducted. Legislators and policy makers need to understand the legal implications and requirements. Providers of biological resources with the respective genetic and biochemical composition and the associated traditional knowledge need to be aware of the benefits they will potentially receive.