Translation of "Avantages résultant de l'accord général " (French → English) :

1. Each Party shall take appropriate, effective and proportionate legislative, administrative or policy measures, as appropriate, to provide that traditional knowledge associated with genetic resources utilized within their jurisdiction has been accessed in accordance with prior informed consent or approval and involvement of indigenous and local communities and that mutually agreed terms have been established, as required by domestic access and benefit-sharing legislation or regulatory requirements of the other Party where such indigenous and local communities are located.

Dow will also give BP a licence under its background metallocene patents and certain benefits of settlements Dow has made with other parties.

2. The promotion of sustainable economic and social development and the equitable distribution of the benefits of the Association are guiding principles for the implementation of this Agreement.

Its accession may not infringe on the benefits enjoyed by the ACP States signatory to this Agreement under the provisions on development cooperation financing.

If all industrialized countries decided to take away from these countries preferential tariffs generally extended to developing nations, this could impact on their treatment by international financial institutions such as the International Monetary Fund, the World Bank or regional development banks.

The reality of these types of agreements is that there are advantages that cannot be predicted and that emerge by virtue of the provisions but also the deepening of the commercial relationship that comes from that.