India to Give One Million USD to Least Developed Countries

ICNP-2 Concludes Successfully.India to Give One Million USD for Ministerial Level.Participation From Least Developed Countries The Second Meeting of the Intergovernmental Committee for Nagoya Protocol (ICNP-2) on Access and Benefit Sharing was inaugurated in Delhi on 2 July 2012 concluded successfully, here today.

At the concluding session, India announced that it would give equivalent to one million US$ for participation of Ministerial Level Representatives from the Least Developed Countries (LDC) in the High Level Segment of Convention of Parties (CoP-11) in Hyderabad.

India informed the participating delegates from the Least Developed Countries of this decision, so that they communicate this decision to the concerned personnel to enable the Ministerial Level Representatives to finalise their participation plans of CoP-11 which is scheduled to be held in October 12, 2012 in Hyderabad.

India expressed satisfaction on the good progress made on several issues during the course of the ICNP-2. It felt that the Conference moved efficiently and made substantial advancement:

• The first ever discussions on Article 10 on Global Multilateral Benefit Sharing Mechanism helped in paving the way forward on this complex issue.

• On Article 30 relating to compliance, the pace though rather slow yielded good results. India welcomed the recommendations to CoP-11 to consider the outstanding issues of its work plan in another meeting of ICNP.

India was of the view that the progress made in this meeting had set the ground for further work in preparation for the Protocol’s implementation and early entry into force. This would contribute in catalyzing the pace of ratifications of the Protocol.

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