DMPQ-Briefly discuss the significance of Nagoya protocol, 2010 in the conservation of biodiversity.

.  The Nagoya Protocol on Access to Genetic Resources and  Fair and Equitable Sharing of Benefits has been negotiated under the aegis of CBD to  fulfill one of the objectives of CBD i.e. to promote equitable sharing of benefits arising  out of use of genetic resources. It was signed by CoP in Nagoya, Japan. Once ratified by  50 members, it will be a legally binding agreement for parties to follow rules related to  prevention of bio-piracy, and provide benefits including financial benefits to other  parties when their genetic resources are accessed. It also plans to reduce the  biodiversity loss by 20% and introduce measures to fight invasive species.

The Nagoya  Protocol assumes importance in a globalized era of intensive exploitation of natural  resources for commerce. Several requests are made to governments for the transfer of  genetic resources abroad for research. Often these efforts are sponsored by corporates,  particularly in the area of plant genetics for agriculture. The danger of allowing one- sided commercial exploitation of genetic resources, such as pathogens for vaccine  production, wrongful patents, is inequitable. When this protocol comes into force the  local communities like tribals will benefit.