89. Our country's position is well known by the Membership. However, we nevertheless wish to reiterate the importance of the flexibilities contained in the TRIPS Agreement as elements of further development. In this context we think that the flexibilities contemplated in the Agreement enable each Member with its intellectual property system and in the light of its ethical criteria and public health notions should be taken on board. Consequently, for Chile it is important that these flexibilities be preserved, and that each Member should be able to reconsider its intellectual property model in the light of social, cultural and economic changes particular to it. In connection to the relation between the CBD and the TRIPS Agreement, our delegation, like others, considers that the TRIPS Agreement and the CBD are complementary instruments. Consequently, we believe that there is no need to create amendments to the Agreement to establish consistency between the two agreements. Finally, we should like to support the proposal that the CBD Secretariat make informal presentation in this Council. We believe that a factual presentation can enlighten Members on the subject and feed into a dialogue.