Implementing the National Framework on Access and Benefit Sharing of Genetic Resources and Associated Traditional Knowledge in the Philippines Increased economic opportunity and biodiversity conservation for local communities and indigenous peoples in the Philippines stemming from fair and equitable sharing of biodiversity benefits Note: Disbursement data provided is cumulative and covers disbursement made by the project Agency. The strategic development of Pili and Banaba genetic resources have multiple inter-locking opportunities that have strong potential towards equitable wealth creation and inclusive development. The economic benefits may be the initial driver yet the investments towards social and environmental stewardship will determine the ultimate value of ABS.     At the national level, the project will help to facilitate the use of genetic resources, while being cautious of environmental and social safeguards, through a more proactive and streamlined process to securing PIC/FPIC. As such, if implemented properly, compliance with the Nagoya Protocol will provide resources that will accrue to the specific sector concerned such as those involved in drug and cosmetic product development. More academic and research institutions as well as the private sector will be incentivized to invest in ABS-related researches and product development since financial returns can be expected.     At the local level, the increased activity will lead to added employment and job diversification primarily in participating sites and eventually into replicating regions. The formalization of these supply chains and coordinated R&amp;D activities will lead to various roles well suited for local community stakeholders. Non-traditional roles such as research, audit, maintenance (e.g. conditions of expanded plantations and test fields) are strong compliments for the growth of traditional roles in farming, processing/manufacturing, logistics, quality control, marketing and retail created by developing industries. These are aligned with government programs such as the Department of Agriculture’s (DA) high value crops development but it is important to note the added opportunity when DENR’s National Greening Program (NGP) is supported by policies that allows people’s organizations (POs) that were designated to reforest allowed to gain from the produce of the trees they planted in exchange for continuous monitoring and maintenance. Ultimately, these diversified and added jobs can be protected through capacitating of local community enterprises (e.g. cooperatives, Community Based Forest Management (CBFM)) to become sustainable SMEs.     The viability of these added jobs is contingent on the stable and remunerative income genetic resource development is intended to contribute. Pili and Banaba are tree sources that are known to be relatively more resilient to weather disruption and climate change, thus reducing risk of income disruptions. Furthermore, adaptable technology (e.g. dryers for Banaba leaves), R&amp;D (e.g. superior plant varieties) and capacity building (e.g. agri-trainings to IPs) may lead to extended farming and production seasons.     Fair pricing is a key component to remunerative income as the economic fruits of genetic resource development cannot be left unattended to traditional market players. Standardizing processes and evaluating evolving value chains creates an opportunity to establish fair wage and fair-trade standards based on productivity and quality of life indicators starting with participating communities and adapted to regional and national situations. This does not discount the existence of current and traditional livelihoods, yet it intends to diversify income streams that will generally uplift occupational standards and economic benefits primarily among local stakeholders.