15 Hrs
Source:
اليوم السابع
_1777352142843_145525226.png&w=64&q=75){kind=small}
Law Tackles Unlicensed Use of Biological Resources
The Biotechnology Resources Access Regulation Law aims to organize the legal exploitation of Egypt's biological wealth and to protect it from unauthorized use or transfer outside the country. The law stipulates penalties including imprisonment for up to six months and fines ranging from 250,000 to one million Egyptian pounds for using or transferring biological resources without a permit. It also requires obtaining a written or electronic authorization from the competent authorities when transferring resources or traditional knowledge abroad, to ensure their sustainable and equitable use, and to safeguard the rights of the state and local communities. The law's goal is to preserve national resources and to ensure that Egypt benefits from its biological wealth in a legal and ethical manner.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)