The world is a step closer to fairly sharing natural resources following the UN global biodiversity summit, which ended in Montreal, Canada, this week.
Genetic material from biological resources have been exploited in products, such as medicines, teas and crops, but historically the benefits have not been equitably and fairly shared with the countries and indigenous people which are home to these riches.
“SA stands ready to participate and share our experiences in the process to develop the mechanism,” said Modise. Director-general of the department of forestry, fisheries and the environment, Nomfundo Tshabalala, said getting the framework adopted and finding a solution on benefit sharing and resource mobilisation were critical strategic issues for South Africa — which made strides forward on all of them.
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