Communities in developing countries that have lost their genetic resources and derivatives from natural resources to the developed world for several decades may soon start benefiting once the internationally binding agreement comes into force.
The negotiators are also pushing for the regime to allow the countries sell their products globally and also to have powers in lodging complaints from countries that trade in the products illegally.
"We strongly recommend an agreement that could help us access, safeguard, manage and benefit from our natural forests globally," Kenya Forest Service (KFS) Deputy Director for Natural Resources Esau Omollo reveals.
Omollo says that once signed and comes in force later in the year (2010), the agreement will safeguard against piracy as it will make it possible for the prosecution of the people involved in illegal trade.
He observes that through the regime, all countries are expected to benefit from the resources through control of their forests.
The developing countries are also looking for mechanisms that could allow them repatriate some benefits from developed countries to their member countries to benefit the communities where the products were taken from.