39 Access and Benefit Sharing Agreement 39 is a core part of which of the following treaties or con...........

Environment and Ecology (Easy) Environment

'Access and Benefit Sharing Agreement' is a core part of which of the following treaties or conventions?

International Treaty on Plant Genetic Resources for Food and Agriculture

International Plant Protection Convention

Convention on Biological Diversity

Convention on International Trade in Endangered Species of Wild Fauna and Flora

Access and Benefit Sharing Agreement (ABSA)

It is an agreement that defines the fair and equitable sharing of benefits arising from the use of genetic resources. It requires a foreign partner to get prior consent from the host country to use a biological resource. Such an agreement must result in a share of the benefits between the biodiversity-rich country and the prospecting firm.
The concept of ABSA stems from the Convention on Biological Diversity which, among other objectives, seeks to ensure the fair and equitable sharing of benefits arising from genetic resources. Hence, option (c) is the correct answer.
The Nagoya Protocol, a supplementary agreement to the Convention on Biological Diversity, provides a legal framework for implementing that objective. Article 5 of the Nagoya Protocol requires that benefits arising from the utilization of genetic resources, as well as from subsequent applications and commercialization, to be shared in a fair and equitable way with the party providing such resources. Article 5 states that such sharing shall be upon mutually agreed terms.