149. The representative of Australia said that, as a mega-diverse country with a unique indigenous culture, his delegation had a strong interest in a balance between holders and users of genetic resources and associated traditional knowledge. As parties to the CBD, Australia shared the relevant objectives in relation to genetic resources and traditional knowledge. Australia had actively participated in the negotiations for the Nagoya Protocol and welcomed the outcome. The Nagoya Protocol set terms on how countries would permit access to genetic resources, share the benefits arising from their use, and cooperate with one another in allegations of breach of domestic requirements.
150. Australia considered that the TRIPS Agreement and the CBD were consistent and could be implemented in a mutually supportive manner. His delegation had strong interest in the issue and welcomed the significant progress made in the IGC, especially the recent decision of the WIPO General Assemblies to renew the IGC's mandate and would continue its constructive engagement in WIPO.
