Understanding Regarding Biodiversity and Traditional Knowledge

The Government of Canada and the Government of the Republic of Peru have reached the following understanding concerning biodiversity and traditional knowledge in connection with the Trans-Pacific Partnership Agreement (the Agreement) signed this day:

Canada and the Republic of Peru recognize that the equitable sharing of benefits that may result from the utilisation of traditional knowledge relevant for the conservation and sustainable use of biological diversity can be addressed through appropriate mechanisms.

This understanding between our Governments shall enter into force on the date of entry into force of the Agreement as between Canada and the Republic of Peru.

SIGNED in duplicate at ________, this ________ day of ________ 2016, in the English, French, and Spanish languages, each version being equally valid.