The Convention on Biological Diversity (CBD) is a multilateral treaty with three main objectives: conservation of biodiversity, sustainable use of genetic resources, and fair sharing of benefits from genetic resources. It was adopted in 1992 and has 196 party signatories. The CBD holds Conference of Parties meetings every two years to advance its objectives, with the most recent in 2016. Key provisions include cooperation among parties on biodiversity conservation and sustainable use, and measures for parties to minimize adverse impacts and encourage sustainable use of biological resources.