107. China would like to congratulate you for taking this very important post and we are looking forward to working together under your very wise coordination.
108. China has attached great importance to the TRIPS-CBD issue and has always been actively participating in discussions. China believes that in order to better protecting genetic resources and traditional knowledge, it is necessary to fulfill the obligations of prior informed consent and benefit sharing, while benefit sharing based on contractual agreements and traditional knowledge databases are far from enough to achieve effective protection. In the 2nd phase meeting of COP15 of the CBD, as presidency, China promoted the adoption of the "Kunming Montreal Global Biodiversity Framework", which is an ambitious and pragmatic framework, a milestone charting a new blueprint for global biodiversity governance. The framework will guide the international community working together to curb and reverse the loss of biodiversity, to promote the process of biodiversity restoration, and to jointly move towards the vision of harmonious coexistence with nature by 2050.
109. By listing it as one of the important goals, the framework will ensure the fair and just sharing of the benefits generated from the use of genetic resources, from digital sequence information of genetic resources and from traditional knowledge related to genetic resources. This reflected the great importance and common consensus attached by the international community to this issue. At present, we are witnessing a standstill at the discussion on this topic. We hope that the TRIPS Council could attach importance to the achievements and progress made in COP15 and we look forward to an early rejuvenation of this topic in the TRIPS Council.
110. Regarding the procedure issue, we support the suggestion for the TRIPS Council to invite the Convention on Biological Diversity (CBD) Secretariat to brief on the Nagoya Protocol and its progress. We hope the Secretariat could renew the three factual notes. In recent years, although The WIPO Intergovernmental Committee on Intellectual Property and Genetic Resources, Traditional Knowledge and Folklore (IGC) has conducted a lot of discussions and negotiations on the protection of genetic resources and traditional knowledge, achieving certain results, however, China believes that WIPO IGC discussions and negotiations on the above-mentioned issues does not contradict with Members' discussion in the WTO.