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Participants from nearly 200 countries have hammered out an agreement in the closing hours of the UN Convention on Biodiversity in Japan.

The treaty is significant in terms of a consensus among participating nations on how best to share and manage the benefits derived from the world's genetic resources.

Details remain scarce but the accord may include a fund for developing nations, to compensate them for the cost of protecting their biological diversity.

Al Jazeera's Florence Looi reports.

Source: Al Jazeera