Write a note on the international regime on access and benefit sharing

The international regime on access and benefit-sharing (ABS) is a framework designed to govern the fair and equitable sharing of benefits arising from the utilization of genetic resources and associated traditional knowledge. It is a critical aspect of biodiversity conservation, sustainable development, and the protection of indigenous and local communities' rights. This regime seeks to balance the interests of providers (countries and communities that harbor genetic resources and traditional knowledge) and users (entities that utilize these resources for commercial or research purposes) while promoting conservation efforts and fostering innovation in biotechnology and agriculture.

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