Pacific Island Nations Conclude Historic Framework for Ethical Innovation Financial Future

Pacific Island Nations Conclude Historic Framework for Ethical Innovation Financial Future

Nadi, Fiji −− July 24, 2008 −− Representatives from the Cook Islands, Fiji, Kiribati, Niue, Palau, Papua New Guinea, Samoa, Solomon Islands, Tonga and Tuvalu arrived at an unprecedented and historical agreement today seeking to integrate a regional policy on intellectual property and traditional knowledge into the financial well-being of the region. Rather than adopting models from industrial countries without considering local consequence, the adopted resolution includes the first formal recognition of a regional policy on the use of IP and TK as collateral for financial transactions including sovereign finance.

Resolutions