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Side Event

Liability & Redress: The Compact - A Private Sector Compensation Mechanism

CropLife International

Date and Time
13 May 2008 18:15 - 19:45

Fourth meeting of the Conference of the Parties serving as the Meeting of the Parties to the Cartagena Protocol on Biosafety (BS COP MOP 4)

This CropLife International initiative is an agreement to provide recourse for actual damage to biological diversity if an LMO product released to the environment by one of the signatories to this contract is proven to have caused such damage. It is a binding commitment to remediate damage after a claim by a Party establishes such damage under the terms and conditions of the agreement. Representatives of CropLife International will present the Compact and answer questions about the document and this initiative.