Treaty on Intellectual Property, Genetic Resources and Associated Traditional Knowledge

Jun 03, 2024

Current Affair 1:


WIPO member states approved a groundbreaking new Treaty related to intellectual property (IP), genetic resources and associated traditional knowledge, marking a historic breakthrough that capped decades of negotiations.

Negotiations for this Treaty began at WIPO in 2001, initiated in 1999 with a proposal by Colombia.

The treaty is important to India as the country holds 7-8 per cent of global biodiversity and a rich repertoire of knowledge based on these genetic resources.

The treaty will enter force after 15 parties ratify it. After adoption, the treaty was opened for signature.



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