ABS system

An access and benefit-sharing system (ABS system) is a set of legal regulations associating the right to use resources with the duty to share the economic benefits from the utilisation of the resources with the country providing these resources. In this way, the - usually economically weak - resource-rich countries may at least indirectly get their share of the benefits resulting from the tapping of their resources by the economically and technologically strong industrial countries.

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