Animal genetic resources are an important subset of biological diversity, composed of the breeds and strains of domesticated animals that humankind has developed out of some 40 wild species over the last 10,000 years. They form the foundation of an industry valued at USD 1.4 trillion and are essential to the livelihoods of 1.3 billion people, including 600 million poor. Animal genetic resources fall under the purview of the Convention on Biological Diversity as well as the Nagoya Protocol.