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ARTICLE · 10 JUNE 2024

New Groundbreaking, WIPO Treaty On IP And Traditional Knowledge

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The World Intellectual Property Organization (WIPO), on May 24, 2024, adopted the historic new treaty on Intellectual Property (IP), Genetic Resources and Traditional Knowledge.

IndiaIntellectual Property
Shilpi Sharan
Shilpi Sharan
Swayamsiddha Das
Swayamsiddha Das
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Introduction

The World Intellectual Property Organization (WIPO), on May 24, 2024, adopted the historic new treaty on Intellectual Property (IP), Genetic Resources and Traditional Knowledge1. The Treaty was adopted after 25 years of dialogue and negotiations taking place since 2001. This adopted treaty is not only the first of its kind that addresses the interface existing between IP, Genetic Resources, and Traditional Knowledge but also includes provisions that specifically deal with the traditional knowledge and genetic resources held by indigenous people as well as local communities.2

Highlights of the Treaty

  • Objective
  • As enshrined under Article 1, the main objectives of the newly adopted treaty are to:

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