Access to genetic resources by users must therefore be based on prior informed consent and equitable benefit sharing must occur on mutually agreed terms (hereafter PIC and MAT, respectively, Nagoya Protocol, Articles 5 and 6 (see Box 3 below) and CBD, Articles 15, 16 and 19). In accordance with Article 15, paragraphs 3 and 7 of the Convention, benefits arising from the utilization of genetic resources as well as subsequent applications and commercialization shall be shared in a fair and equitable way with the Party providing such resources that is the country of origin of such resources or a Party that has acquired the genetic resources in accordance with the Convention. Such sharing shall be upon mutually agreed terms.