what is biopiracy? how does it effect a country
Answers
Answer:
The commercial exploitation or monopolization of biological or genetic material, as medicinal plant extracts, usually without compensating the Indigenous peoples or countries from which the material or relevant knowledge is obtained.
It affects the cultural identity and the traditional knowledge of the indigenous people in the country.
Answer:
Biopiracy is the exploration of natural sources for small molecules, macromolecules and biochemical and genetic information that could be developed into commercially valuable products for the agricultural, aquaculture, bioremediation, cosmetics, nanotechnology, or pharmaceutical industries.
As a result of biopiracy, there are many negative effects on bio diversity such as the extinction of endemic living organisms, depletion of bio diversity, and privatization of bio treasures of the country. Furthermore, it affects the cultural identity and the traditional knowledge of the indigenous people in the country.
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