Brazil to simplify access to genetic resources

Brazil

Companies conducting bioprospecting and signing benefit-sharing contracts for genetic resources in Brazil will face less red tape should the country’s Congress, as expected, approve legislation on the subject. The proposed law is aimed primarily at companies developing new pharmaceuticals or cosmetics made with genetic resources, or biological material from plants, animals or microorganisms, that can be put to commercial use. Eliana Fontes, the Environment Ministry’s director of genetic resources, is calling the bill “the most important piece of environmental legislation to reach Congress this year.” Says Fontes: “When approved by Congress and signed into law, it will boost company investments that result from much easier access to Brazilian biodiversity.” Proponents say the current regimen—based on a 2001 executive order that has the legal... [Log in to read more]

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