Biopiracy Law and Legal Definition

The term ‘biopiracy’ is used to refer a situation where indigenous knowledge of nature is exploited for commercial gain. In biopiracy, indigenous people are not given compensation for their knowledge. Organizations such as Greenpeace claim that such practices bring inequality between developing countries rich in biodiversity, and developed countries hosting companies which engage in biopiracy. There are many cases based on the biopiracy issue. For example, the Neem case in which the U.S. and India were involved.