UNCTAD BIOTRADE Initiative

UNCTAD BIOTRADE initiative in Global Commerce Policy

In this regard, unctad biotrade initiative is: a mechanism launched in 1996 under UNCTAD auspices to support the aims of the Convention on Biological Diversity. The entries on trade policy are here. It seeks to promote the adequate use of economic instruments and strategic partnerships to bring value to biodiversity resources, transfer the appropriate technologies and create export opportunities in these resources. The Initiative consists of seven components: (i) economic and market research on trends in the emerging biochemical prospecting market, described as the possibility of discovering commercially valuable compounds from biological material, (ii) analysis of strategies for the development of biological resource-based industries, (iii) evaluation of conservation and sustainable development opportunities, (iv) alternative contractual arrangements for biochemical prospecting activities, (v) training and capacity-building, (vi) private-sector collaboration and (vii) information dissemination and networking.[1]

UNCTAD BIOTRADE initiativein the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “UNCTAD BIOTRADE initiative” entry (OAS)

See Also