Why in News?
India has emerged as a global leader in issuing Internationally Recognized Certificates of Compliance (IRCCs) under the Nagoya Protocol, contributing over 56% of all certificates worldwide.
What are IRCCs?
- IRCC (Internationally Recognized Certificate of Compliance):
- A digital certificate issued under the Nagoya Protocol
- Confirms that access to genetic resources is:
- Legal
- Approved by authorities
- Based on agreed benefit-sharing terms
Nagoya Protocol on Access and Benefit Sharing (2010)
The Nagoya Protocol (2010) isΒ a legally binding international agreement under the Convention on Biological Diversity (CBD) that ensures fair sharing of benefits arising from the utilization of genetic resources and associated traditional knowledge.
- It aims to prevent biopiracy by requiring users to obtain Prior Informed Consent (PIC) and establish Mutually Agreed Terms (MAT) with the provider country, ensuring benefits like royalties or research results are shared.
- IRCCs are issued under this protocol
To know more about Convention on Biological Diversity, Click here
