KATHMANDU, Dec 29: The Permanent Mission of Nepal to the United Nations in New York on Saturday deposited the Instrument of Accession of the Nagoya Protocol on Access to Genetic Resources and the Fair and Equitable Sharing of Benefits Arising from their Utilization, also known as Nagoya Protocol, with the United Nations Secretary-General, the depository of the treaty.

A ceremony was organized at the Treaty Section of the United Nations to receive the Instrument of Accession, which is signed by Pradeep Kumar Gyawali, Minister for Foreign Affairs of the Government of Nepal, according to a press release issued by the Permanent Mission of Nepal to the United Nations in New York on Saturday.

With the accession, Nepal is going to become the 116th party to the Nagoya Protocol on the 90th day after the date of deposit. The House of Representatives and the National Assembly acceded to the Protocol on 29 August 2018 and 11 September 2018, respectively.

The Nagoya Protocol, adopted in 2010 in Nagoya, Japan and entered into force in 2014, is a supplementary agreement to the Convention on Biological Diversity (CBD). The Nagoya Protocol provides a legal framework for the effective implementation of the fair and equitable sharing of benefits arising out of the utilization of genetic resources, with a view to contributing to the conservation and sustainable use of biodiversity.

CBD and UN Framework Convention on Climate Change (UNFCCC) are the two legally binding conventions opened for signature at the Rio Summit in 1992. Nepal is a party to CBD since 1994. Under UNFCCC, Nepal has been a party to the Paris Agreement since 2016 and the Kyoto Protocol since 2005.

 
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