Breaking News

New Rules in EU Parliament

May 2, 2014

This Spring, the European Parliament overwhelmingly adopted new rules on access to genetic resources and fair and equitable sharing of benefits resulting from their utilization (also known as ABS) in the European Union.

The European Parliament also granted its consent for the European Union to be legally bound by the Nagoya Protocol on ABS, an international agreement under the Convention on Biological Diversity (CBD). The decision constitutes the 30th ratification of the Nagoya Protocol on ABS, bringing it one step closer toward its expected entry into force in October 2014.

 “The Parliament vote is a landmark vote that will significantly impact the way biodiversity based R&D is conducted in the food and cosmetics industry,” said María Julia Oliva, senior coordinator for Policy and Technical Support at the Union for Ethical BioTrade (UEBT).

 The EU rules on ABS aims to monitor and support compliance with ABS requirements around the world. Laws and regulations in biodiversity rich countries such as Brazil, South Africa and India already include requirements on how to access biological material for research and development and how to share the monetary and non-monetary benefits resulting from new information, innovations or products.

More info: www.ethicalbiotrade.org/bsr_2014

blog comments powered by Disqus
  • Innovation On Display

    Melissa Meisel, Associate Editor||February 3, 2016
    P&G Beauty Digital Studio showcases new products for 2016

  • Crowning Glory

    Crowning Glory

    Christine Esposito , Associate Editor||February 3, 2016
    Celebrity stylists and experts from leading hair care brands talk about the ingredients and formats driving the styling sector.

  • Electric Slide

    Electric Slide

    Melissa Meisel, Associate Editor||February 3, 2016
    Skin care devices bring anti-aging to the next level