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Genetic resources means genetic material of actual or potential value where genetic material means any material of plant, animal, microbial or other origin containing functional units of heredity... Genetic resources thus refer to the part of genetic diversity that has or could have practical use, such as in plant breeding. The term was introduced by Otto Frankel and Erna Bennett for a technical conference on the exploration, utilization and conservation of plant genetic resources, organized by the Food and Agriculture Organisation (FAO) and the International Biological Program (IBP), held in Rome, Italy, 18–26 September 1967.
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