Access and Benefit Sharing
Access and Benefit Sharing (ABS) refers to the fair and equitable sharing of benefits derived from the use of genetic resources and traditional knowledge. When researchers or companies use biological materials, like plants or microorganisms, they must obtain permission from the source country or community. In return, they should share the benefits, such as profits from new products or innovations, with those who contributed to the resources. This concept aims to promote conservation, respect biodiversity, and ensure that indigenous communities and nations receive recognition and remuneration for their contributions to global knowledge and resources.
Additional Insights
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Access and Benefit-Sharing (ABS) refers to the fairness in using biological resources, such as plants, animals, and microorganisms, especially in scientific research and commercial products. It ensures that when companies or researchers access these resources, they must share the benefits derived, like profits or innovations, with the communities or countries that provide them. This principle promotes respect for biodiversity and local knowledge, fostering sustainable use and conservation of natural resources, while also recognizing the rights of indigenous peoples and local communities. ABS aims for equitable partnerships in the exploration and utilization of biological diversity.