On May 24, 2024, on behalf of the Republic of Bulgaria Ambassador Yuri Sterk, Permanent Representative of Bulgaria to UN-Geneva, signed the Final Act of the World Intellectual Property Organization (WIPO) Diplomatic Conference to Conclude an International Legal Instrument Relating to Intellectual Property, Genetic Resources and Traditional Knowledge Associated with Genetic Resources. The Conference took place on May 13-24, 2024 in Geneva and ended with the signing of the Final Act – a legally non-binding political document, which marked the successful end of the negotiating process and the consensual adoption of the text of WIPO Treaty on Intellectual Property, Genetic Resources and Associated Traditional Knowledge. The Treaty will remain open for signature for 1 year, starting from May 24, 2024.  It is the first adopted WIPO universal international law treaty in more than a decade and the first in recent years worldwide.