By Patience Kapinda
Malawi has become the first country to ratify the WIPO
Treaty on Intellectual Property, Genetic Resources and Associated Traditional
Knowledge.
The treaty addresses the interface between intellectual
property, genetic resources, and traditional knowledge.
The journey to the milestone began on May 24, 2024, when the
treaty was adopted at a diplomatic conference organized by the World
Intellectual Property Organization (WIPO) in Geneva.
A total of 38 WIPO
member states signed the treaty, signalling their intent to pursue
ratification.
However, signing alone does not make the treaty legally
binding hence Malawi has taken the lead by depositing its instrument of
ratification with WIPO.
"We are proud to be the first country to ratify this
historic treaty. This treaty will make the intellectual property system more
relevant to our people and local communities," said Malawi's Minister of
Justice,” Titus Mvalo.
The WIPO Treaty on Intellectual Property, Genetic Resources
and Associated Traditional Knowledge aims to prevent biopiracy, promote
transparency, and ensure equitable benefit-sharing between countries and
communities.
WIPO Director General
Daren Tang said, "This treaty is a significant step towards making the
intellectual property system more balanced and inclusive."
"We hope that
other countries will follow Malawi's lead and join the treaty, so that it can
come into force quickly and its tangible benefits can start to be felt,"
he added.
The treaty will takeu effect after 15 instruments of
ratification or accession are presented to WIPO.
As the first country to ratify the treaty, Malawi has set
the stage for a new era in intellectual property rights, one that prioritizes
fairness, transparency, and the empowerment of local communities.
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