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BioTrade holds workshop on benefit-sharing

The equitable sharing of benefits arising from the use of biodiversity is a fundamental tenet of the BioTrade Initiative and a critical element of the sustainable use of biodiversity under the Convention on Biological Diversity. In its work towards the sustainable use of biological resources, BioTrade is working to guide companies on how to best fulfil equitable benefit-sharing principles.

From 14-15 September, BioTrade held a workshop on benefit-sharing aimed at promoting discussion and providing inputs for a practical and effective approach to the complex issue of benefit-sharing in the context of BioTrade activities.

The event brought together a small group of experts and stakeholders from both developing and developed countries, all interested in working to develop guidelines that will help to effectively share the benefits derived from the sustainable use of biodiversity.

Using the concept note on the equitable sharing of benefits as a point of reference, talks addressed the challenges and opportunities for the private sector, including issues of scope, national legislation, the question of trust among actors, and the distribution of benefits.

The workshop provided valuable insight into the different contexts that benefit-sharing has to be implemented. From exporting companies in Lima, to importing companies in Paris, all stakeholders brought valuable contributions to the discussions, sharing their own experiences and challenges in this area.

Finally, participants broke into working groups to propose concrete suggestions for the objectives and elements of the BioTrade guidelines on benefit-sharing. The groups addressed transparency, the notion of adequate compensation, traditional knowledge, and the empowerment of local communities. The result is a revised framework for the BioTrade guidelines on the equitable sharing of benefits. A first draft of these guidelines will now be prepared, based on participants’ suggestions.

To download the Paris workshop report, click here.

To download the concept note on equitable sharing of benefits, click the following links for English or Spanish.

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