"The government has submitted a bill on ratifying the Nagoya Protocol."Jakarta (ANTARA News) - Vice President Boediono said Indonesia will ratify the Nagoya Protocol on access to genetic resources and fair and equitable sharing of benefits arising from their utilization to the convention on biological diversity.
"The government has submitted a bill on ratifying the Nagoya Protocol," he said at a function marking the National Love Flora and Fauna Day at the Vice Presidential Palace here on Monday.
According to him, it is important to ratify the protocol now that Indonesia is one of the world`s genetic resource-rich countries.
"With the law, Indonesia will have a firm legal basis to protect and preserve its genetic resources and traditional knowledge related to genetic resources," he said.
In addition, the law will also lay a legal basis for the country to prevent theft and illegal utilization of biodiversity.
It will also ensure the fair and equitable sharing of financial and non-financial benefits arising from the utilization of genetic resources and traditional knowledge related to genetic resources to the genetic resources provider based on a common agreement, he said.
The vice president said after ratifying the protocol, Indonesia will prepare a set of good operational instruments in order to implement it properly in the field.
The Nagoya Protocol was adopted by the Conference of the Parties to the Convention on Biological Diversity at its tenth meeting on October 29, 2010 in Nagoya, Japan.
The protocol is aimed at sharing the benefits arising from the utilization of genetic resources in a fair and equitable way.
(T.W004/Uu.S012/B003)
Editor: Priyambodo RH
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