The Council of the European Communities (now the Council of the European Union) approved by a Decision of 25 October 1993 the Convention on Biological Diversity signed in Rio on 5 June 1992. The objectives of the Convention are the conservation of biological diversity, the sustainable use of its components and the fair and equitable sharing of the benefits arising out of the utilization of genetic resources. Provisions include access to genetic resources, transfer of relevant technologies, taking into account rights concerning those resources and technologies, and funding. The full text of the Convention is appended to the Council's Decision. Also appended is a Declaration by the European Economic Community in accordance with a provision of the Convention (with regard to the responsibilities or obligations of the Contracting Parties) which declares the Community's competence alongside its Member States to take actions aiming at the protection of the environment. This annex sets out the legal instruments adopted by the Community, both as part of its environment policy and in the framework of other sectoral policies, most relevant to the matters covered by the Convention.