Genetic Resource

The current regime governing Areas Beyond National Jurisdiction (ABNJ) as a global commons has resulted in overutilization of fisheries resources and patchwork attempts to regulate resource extraction. States are looking to expand resource extraction in ABNJs, including marine genetic resources, creating pressures to regulate these activities. As a result, since 2004, the United Nations has been holding preparatory meetings to lay the groundwork for a new international legally binding instrument (ILBI) to address the gaps left by UNCLOS.