EU Specialty Food Ingredients News
2018-05NAGOYA PROTOCOL - EU SPECIALTY FOOD INGREDIENTS TO SPEAK AT VITAFOODS 2018
On 16 May 2018, on behalf of EU Specialty Food Ingredients, Mr Markus Wyss will deliver a presentation about “the Nagoya Protocol on access and benefit sharing and its potential impact on product development activities” along the following lines:
- The protocol is a supplementary agreement to the Convention on Biological Diversity (CBD) aiming to provide a transparent legal framework for the fair and equitable sharing of benefits arising out of the utilization of biological resources, thereby contributing to the conservation and sustainable use of biodiversity
- Entering into force in October 2014, most countries are still in the process of setting up their Access and Benefit Sharing (ABS) as well as compliance regulations
- The current legal uncertainty risks to have negative repercussions on innovation and trade of biological materials.
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