Biopiracy should be prevented. State why and how?
Answer. Some multinational companies of industrialised nations have a good economic status but are poor in biodiversity and are exploiting biodiversity of developing and underdeveloped countries without authorisation and proper compensation.
There has been growing realisation of the injustice, inadequate compensation and benefit sharing between developed and developing countries. Therefore, some nations are developing laws to prevent such unauthorised exploitation of their bioresources and traditional knowledge.
