A Biodiversity Convention was held in May, 1992 at Nairobi to formulate a treaty, that was desired to be signed at the UN Conference on Environment and Development (UNCED) later held in Brazil in June 1992. .In this treaty, an agreement was sought by the developed countries to allow, as a matter of right, access of every country on the gennplasm or biodiversity available anywhere in the world. Since tropical countries are far richer than temperate developed countries, such a treaty would have benefitted only the developed nations. In view of this, the South (particularly India) had rejected such a treaty desired to be signed in this convention. Such a rejection was also based on the argument that while the convention was meant to globalize the natural resources, it did not want to globalize the benefits derived from biotechnology inventions.