UNCTAD BIOTRADE initiative
UNCTAD BIOTRADE initiative: a mechanism launched in 1996 under UNCTAD auspices to support the aims of the Convention on Biological Diversity. 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.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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