BioTrade Supply Chains and Regulatory Environment: Constraints and Challenges
At the core of Biotrade activities is the commercialisation of biodiversity based products and raw materials. This paper will look into one specific aspect of the BioTrade; namely: Natural ingredients from medicinal and aromatic plants for cosmetics and bio- pharmaceuticals. These natural ingredients include essential oils, natural dyes, soapy, creams, butter, and moisturizers in case of cosmetics and extracts and infusions from medicinal plants, natural medicines capsules in case of pharmaceuticals. Constraints and challenges in implementing BioTrade based on Nagoya Protocol for fair benefits sharing will also be discussed in order to meet the basic principles of BioTrade.