ABS (Access and Benefit-Sharing)
Access and benefit-sharing (ABS) is a system under public international law that aims to fairly distribute benefits arising from genetic resources between the users of genetic resources (such as universities and biotech companies) and provider countries (regulatory authorities in biodiversity-rich countries).
Access and Benefit Sharing (ABS) is a worldwide project initiated during the Nagoya Protocol of 1993.
It was convened in the first of its kind Biodiversity Convention that included 120 countries in Rio De Janeiro.
The goals of the Convention were:
The conservation of Biological Diversity (or Biodiversity)
The sustainable use of its components, and the Fair And Equitable Sharing of Benefits Arising From Bio-Resources
