Biopiracy: Exploitation of indigenous knowledge without proper compensation
Q. Biopiracy is- Published on 01 Sep 15a. Illegal use of genetic material.
b. Illegal transfer of knowledge without permission
c. Exploitation of plants and animals without proper compensation
d. Exploitation of indigenous knowledge without proper compensation
ANSWER: Exploitation of indigenous knowledge without proper compensation
Traditional communities all over the world possess extensive knowledge about local plants species and their medicinal values. Outsiders can use this knowledge to their benefit and not share the benefits and compensation with the communities. India is taking steps to avoid such loss of our traditional knowledge. There were cases of biopiracy of neem and basmati rice patenting.
