world_organizations medium Fill in the Blank

WIPO's Traditional Knowledge Division supports indigenous peoples and local communities in protecting their traditional knowledge, genetic resources, and traditional cultural expressions through documentation, legal frameworks, and _____ mechanisms.

  1. commercialization
  2. benefit-sharing
  3. privatization
  4. standardization

Answer: benefit-sharing

WIPO facilitates negotiations on international instruments to prevent misappropriation of traditional knowledge. It promotes equitable benefit-sharing when such knowledge contributes to innovations (e.g., medicines), respecting communities' rights, customary laws, and free, prior, and informed consent.

Topic World Intellectual Property Organization
Exam Relevance UPSC, Banking, SSC
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