Defne : Biospiracy with suitable example
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The use of bio resources by the multinational companies and other organizations without any systematic approval from a nation or its related people without any compensatory payment is called biopiracy.
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Patenting and exploitation of bioresources of other nations without proper authorisation or access and benefit sharing agreement is called Biopiracy. It is being carried out by many organisations and multinational companies by posing that components of bioresources are products of their research. Eg:Turmeric, Neem, Basmatic Rice are some of the products have patents in other countries.
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