Developing and implementing a national access and benefit sharing framework in Malaysia
What is the project about?
This project is to enable the potential of Malaysia’s rich biodiversity and biological resources to generate economic and social benefits to the nation and key stakeholders including indigenous and local communities, in the form of business, employment, technology transfer and capacity building opportunities, through the discovery and development of new products such as pharmaceuticals, nutraceuticals, agro-chemicals, etc. These new opportunities will strengthen economic arguments and motivation for the conservation and sustainable use of the biological resources – Malaysia’s globally significant tropical forests, wetlands and coral reefs - that contain the genetic material and help prevent the loss of associated traditional knowledge due to the loss of biodiversity.
What do we hope to accomplish?
The Project’s Goal is to contribute to the conservation and sustainable use of globally significant biodiversity in Malaysia. Furthermore, this project will have three valuable outcomes which are the creation of an operational national regulatory and institutional framework on ABS, a strengthened national institutional and stakeholder capacity for implementation of the national ABS framework and finally, best practice of ABS processes (three) are demonstrated recognizing the principles of PIC and Mutually Agreed Terms (MAT) including the fair and equitable sharing of benefits.
Who finances it?
|2013-17||UNDP (TRAC)||$ 33,000|
|Delivery in previous fiscal year|