WIPO Member States Adopt New Treaty on IP, Genetic Resources, and Associated Traditional Knowledge

In the early hours of May 24, 2024, WIPO Member States adopted a historic new treaty on intellectual property, genetic resources and associated traditional knowledge.
This is the first WIPO treaty to address the interface between intellectual property, genetic resources and traditional knowledge and the first WIPO treaty to include provisions specifically for Indigenous Peoples as well as local communities.
The WIPO Treaty on Intellectual Property, Genetic Resources and Associated Traditional Knowledge, once it enters into force with 15 contracting parties, will establish in international law a new disclosure requirement for patent applicants whose inventions are based on genetic resources and/or associated traditional knowledge.
More: www.wipo.int/pressroom/en/art....
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