Fair and Equitable Sharing

Fair and equitable sharing refers to the balanced distribution of benefits and responsibilities resulting from the use of shared resources, such as genetic material or traditional knowledge, especially when originating from indigenous communities or countries. It ensures that those who contribute these resources receive appropriate recognition, compensation, or benefits. This concept promotes justice by respecting the rights of resource providers, encouraging sustainable use, and fostering mutual respect and trust among all parties involved in sharing benefits from biological or cultural resources.