UN treaty to help curb bio-piracy and plundering of genetic resourcesListen /
The global sale of medicinal plants like South Africa's devil's claw used to treat rheumatism and the vastly popular appetite suppressant, hoodia goordoni, is part of a billion dollar industry.
These traditional herbal remedies have been grown and cultivated for generations by local communities and the indigenous peoples.
A UN treaty that will allow for the fair sharing of benefits that result from their use and avoid the plundering of resources by foreign entities is set to enter into force.
The Nagoya Protocol has been ratified by all 51 Parties to the Convention on Biological Diversity (CBD), a global agreement that covers all aspects of biodiversity or the variety of life on Earth.
Mr Braulio Ferreira de Souza Dias, Executive Secretary of the CBD Secretariat, told Jocelyne Sambira that the Protocol will bring more equity in the world.