WEBVTT 00:00:00.000 --> 00:00:02.080 It is so decided. 00:00:02.080 --> 00:00:03.920 We made history today. 00:00:03.920 --> 00:00:06.960 For the first time in over a decade, we have a new WIPO treaty, 00:00:07.440 --> 00:00:09.640 the 27th WIPO treaty. 00:00:09.640 --> 00:00:12.760 For the first time, systems of knowledge and wisdom 00:00:13.360 --> 00:00:16.880 that supported economies, societies and cultures for centuries 00:00:17.280 --> 00:00:20.360 are now inscribed into the global IP system. 00:00:20.360 --> 00:00:23.320 For the first time, the connection between Indigenous 00:00:23.320 --> 00:00:27.480 Peoples, local communities and their genetic resources and associated 00:00:27.480 --> 00:00:31.440 traditional knowledge is recognized by the global IP community. 00:00:32.320 --> 00:00:36.520 These are historic achievements, long championed by many Member States 00:00:37.160 --> 00:00:40.440 and that will safeguard wisdom, protect biodiversity, 00:00:40.680 --> 00:00:43.480 while at the same time increasing transparency 00:00:43.480 --> 00:00:46.480 in the patent system and strengthening innovation. 00:00:46.840 --> 00:00:50.400 And it's about showing that multilateralism, imperfect 00:00:50.400 --> 00:00:53.520 as it is, is still the most important platform 00:00:53.880 --> 00:00:57.240 for us as a global community to change the world together. 00:00:57.720 --> 00:01:02.040 It has been 25 years in the making, and today comes into being at a time 00:01:02.040 --> 00:01:05.440 when multilateralism faces considerable challenges. 00:01:05.680 --> 00:01:10.960 For decades, in some cases centuries, Indigenous Peoples and local communities 00:01:10.960 --> 00:01:15.240 from around the world have been claiming for the recognition of their rights 00:01:15.840 --> 00:01:18.320 and their contribution to innovation 00:01:18.320 --> 00:01:21.560 through genetic resources and associated traditional knowledge. 00:01:21.760 --> 00:01:26.560 In this long journey, some have feared a dogmatic incompatibility 00:01:26.560 --> 00:01:29.560 between the IP system as we know it 00:01:29.760 --> 00:01:33.840 and the indigenous cosmovision, based on collective principles. 00:01:34.320 --> 00:01:39.200 With the new WIPO treaty, we were able to reconcile both worlds by 00:01:39.200 --> 00:01:42.440 establishing in the international patent regime 00:01:42.560 --> 00:01:45.480 a mandatory disclosure requirement 00:01:45.480 --> 00:01:49.600 on access to genetic resources and associated traditional knowledge.