The Treaty on Intellectual Property, Genetic Resources, and Associated Traditional Knowledge was recently adopted at the Diplomatic Conference organized by the World Intellectual Property Organization (WIPO) in Geneva, Switzerland.
About the Treaty:
- It aims to address issues related to genetic resources and traditional knowledge held by Indigenous Peoples and local communities.
- This is the 27th treaty under WIPO and the first to deal with genetic resources and traditional knowledge held by Indigenous Peoples and local communities.
- Patent applicants must disclose:
- The country of origin or source of genetic resources for any claimed invention.
- If based on traditional knowledge, the disclosure of the Indigenous Peoples or local community who provided this knowledge.
- It is not applicable to patents filed prior to the treaty’s entry into force.
- Any member state of WIPO may become a party to it.
Ref: Source
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