India, May 25 -- Mandatory disclosure of source of genetic material and associated traditional knowledge could benefit biodiversity rich countries; concerns remain

The Treaty on Intellectual Property, Genetic Resources and Associated Traditional Knowledge was adopted at the Diplomatic Conference held under the aegis of the World Intellectual Property Organization (WIPO) at its headquarters in Geneva, between May 13 and May 24, 2024. This is the 27th treaty under WIPO and the first in the last 10 years.

The diplomatic conference marked the final stage of the negotiations that began in 2021. The treaty is borne of a proposal by Colombia in 1999.

"Today, we made history in many ways. This is not just the first new WIPO Treaty in over a de...