An Ocean Biodiversity Pact Agreed between India and Other UN Countries
An delegation from India, including the officials from Ministry of Earth Sciences, Ministry of External Affairs and the Centre For Marine Fisheries and Research Institute, and other members of United Nations agreed on a first of its kind ocean biodiversity pact that ensures the benefit sharing and marine conservation in the high seas that extend beyond countries’ territorial waters.
These officials are in New York to deliberate on this pact. It was the meeting of the Indian delegation and other members of the United Nations.
A series to draft an international legally binding instrument under the United Nations convention on the law of the sea 1982(UNCLOS) set in motion since 2018 by the United Nations. After that a resolution by the United Nations General Assembly passed in May and it was followed by this one of its kind an ocean biodiversity pact.
Need of this pact
In the Earth’s total area,45 percent of the area is covered by high seas. There are many companies which conduct discovery expeditions into the depth of the high seas to the exploration of biological resources and to see the potential in aquatic organisms and microbes that could be used for vaccines and manufacturing of new and effective drugs that are still undiscovered. Many mining activities are also taking place into the high seas to discover minerals, gas hydrates, precious metals and other fossil fuel resources.
By this pact , an agreement is signed that ensures and tightens the rights of these companies. There is a desperate need to make rules and obligations and define permissible activities by these companies in the high seas.
There was a high competition among international countries to discover and use the biological resources under the high seas. Thus it became mandatory to combine a set of rules that define the intellectual property rights and benefit sharing.
Blue economy policy of India:
It is one of the ten core dimensions lined up with the country’s vision of a New India by 2030. It recognises some important aims of this initiative such as the improvement of the lives of coastal communities, conservation of marine ecosystems and biodiversity, maintaining the national security of marine ecosystems and making the blue economy an important part of the GDP of India.
According to the K.M. Gopakumar, legal advisor on the intellectual property rights with the Third world network ,said these biological resources which lie under the high seas are the common heritage of mankind and it must make sure that there should be no exploitation of these resources by any monopoly entity. This pact will be very effective to the improvement and proper management of the high seas resources between India and other UN member countries.
Questions And Answers:
Q1. In which field this pact was signed?
Ans. It is An Ocean Biodiversity Pact.
Q2. This pact was agreed between which countries ?
Ans. India and other UN member countries.
Q3. What are the aims of the Blue economy policy of India?
Ans. Conservation of marine ecosystems, preservation of biological resources, make the blue economy an important part of the GDP of India.