On September 29 2015, the Philippines deposited its instrument of accession to the Nagoya Protocol on Access to Genetic Resources and the Fair and Equitable Sharing of Benefits Arising from their Utilization to the Convention on Biological Diversity (CBD) which entered into force on December 28 2015. The Protocol is a supplementary agreement to the 1992 CBD, and the latter's instrument for the implementation of its third objective, the fair and equitable sharing of benefits arising from the utilization of genetic resources with the end view of contributing to the conservation of biological diversity and sustainable development and human well-being.