On 29 October 2010, the Nagoya Protocol on Access to Genetic Resources and the Fair and Equitable Sharing of Benefits Arising from their Utilization (ABS) to the Convention on Biological Diversity was adopted in Nagoya, Japan. Being a supplementary agreement to the Convention on Biological Diversity it is one of the most important multilateral environmental treaties recently adopted.
The objective of the Nagoya Protocol is to set an international, legally binding framework to promote a transparent and effective implementation of the ABS concept at the regional, national and local level in the future. IUCN considers ABS, the third objective of the Convention, to be a concrete example for valuing biodiversity and its ecosystem services, and for taking proper account of this value as a prerequisite for conservation and sustainable use. IUCN welcomes the adoption of the Protocol following six years of negotiations which marks an important step towards the Implementation of the Convention on Biological Diversity.