Implementation of the Nagoya Protocol and its Impact over certain aspects of BioTrade
PhytoTrade Africa has started a cooperation with UNCTAD on their BioTrade Fund Project III.
The Nagoya Protocol entered into force on 12 October 2014 and has so far been ratified by 68 States, including India, Mexico Norway, Peru, South Africa, Switzerland and Vietnam, and the EU.
The Protocol applies to research and development activities over genetic resources and natural biochemicals, which are key inputs to industries in the food, pharmaceutical, personal care and botanical industries. It will thus have significant implications over how BioTrade businesses and projects operate, as well as on the international trade of biodiversity-based products.