75. The protection of biological resources, traditional knowledge and folklore are important development issues for developing countries including Sri Lanka. These three issues are currently being discussed in detail at WIPO as well. However, our delegation would also like to support to keep these issues on the TRIPS Council agenda, considering the substantial importance of these issues for developing countries. In this regard, our delegation stresses the importance of the negotiation on the relationship between the TRIPS Agreement and the CBD, as well as the need to protect traditional knowledge and folklore.
76. Sri Lanka also believes that it is important for the TRIPS Council to give adequate attention to address these issues. Against this backdrop, a formal briefing by the CBD Secretariat on the latest developments of the Nagoya Protocol will be useful for Members and we also support updating the three factual briefs by the Secretariat on these issues.
77. Therefore, considering the mandate from the Doha Ministerial Declaration and the 2030 Sustainable Development Goals, Targets 2.5 and 15.6, it is our responsibility to take these discussions forward towards to a meaningful outcome. Sri Lanka stands ready to engage constructively with Members on these important issues.