77. Bolivia's position on these agenda items is widely known, and it maintains firmly and invariably its position in accordance with document IP/C/W/545 of 26 February 2010. 78. Review of the provisions of Article 27.3 (b) is an outstanding issue for this Council and responds to the mandate of the Doha Development Agenda by virtue of paragraph 19 of the Ministerial Declaration of 2001. As such, it should have been a topic of discussion four years after the entry into force of the WTO Agreement. 79. The patenting of life forms and parts thereof is a cause for grave concern for many cultures and peoples of the world who consider that life and parts thereof are sacred and therefore should not be patentable. 80. Consequently, we reiterate the need to prohibit the patenting of all forms of life, including plants and animals and parts thereof, gene sequences, micro-organisms, as well as all processes including biological, microbiological and non-biological processes for the production of life forms and parts thereof. 81. Patenting of life forms promotes an imbalance in the current intellectual property system. The TRIPS Agreement, while granting monopoly rights to private parties, does not explicitly recognize the collective rights of indigenous peoples and local communities over their biological resources and traditional knowledge, farmers' rights or the sovereign rights of Members. Nor does it require ensuring that the provisions of the Convention on Biological Diversity (CBD), including those relating to prior informed consent and benefit sharing, are respected. 82. Against this backdrop, Bolivia supports any and all initiatives and efforts aimed at finding a balance between the CBD and the TRIPS. 83. We consider that the absence of a balanced international framework that protects genetic resources, traditional knowledge and traditional cultural expressions has enabled the proliferation of practices such as bio piracy, leaving developing countries above all without appropriate mechanisms to provide adequate protection, and that is why this topic should remain on the Council's agenda.