WEBVTT 00:00:00.000 --> 00:00:03.600 People around the world have always 00:00:03.660 --> 00:00:05.900 depended on genetic resources 00:00:05.900 --> 00:00:09.660 in their environment 00:00:09.680 --> 00:00:14.020 to improve their lives. 00:00:14.020 --> 00:00:16.620 Genetic resources 00:00:16.620 --> 00:00:20.880 have also been building blocks 00:00:20.900 --> 00:00:24.500 for many inventions in the life sciences. 00:00:24.660 --> 00:00:27.720 These have allowed massive population-wide gains 00:00:27.720 --> 00:00:32.460 in health, climate, and food security 00:00:32.460 --> 00:00:35.660 and talk of inventions, means the subject of patents 00:00:35.680 --> 00:00:40.660 is not too far away. 00:00:40.660 --> 00:00:44.100 In fact, negotiators from WIPO’s member states 00:00:44.100 --> 00:00:47.700 are discussing intellectual property issues related to genetic resources. 00:00:47.700 --> 00:00:52.100 Notably, they are heading into final-stage negotiations 00:00:52.100 --> 00:00:55.380 on whether patent applicants should disclose where the genetic resources 00:00:55.380 --> 00:00:58.780 and associated traditional knowledge come from when applying for a patent. 00:00:58.780 --> 00:01:01.380 This would apply to patents for an invention based 00:01:01.380 --> 00:01:05.180 on a genetic resource and associated traditional knowledge. 00:01:05.180 --> 00:01:07.320 Member states will meet to negotiate 00:01:07.320 --> 00:01:10.760 a new international legal instrument 00:01:10.760 --> 00:01:13.140 at a diplomatic conference taking place at 00:01:13.140 --> 00:01:17.160 WIPO’s Geneva headquarters from May 13 to 24, 2024