Consider the following statements : 1. In India, the Biodiversity Management Committees are key to the realization of the objectives of the Nagoya Protocol. 2. The Biodiversity Management Committees have important functions in determining access and benefit sharing, including the power to levy collection fees on the access of biological resources within its jurisdiction. Which of the statements given above is/are correct?

1. Statement 1: The Nagoya Protocol on Access to Genetic Resources and the Fair and Equitable Sharing of Benefits Arising from their Utilization is an international agreement. In India, the Biological Diversity Act, 2002, provides the framework for implementing the Nagoya Protocol. Biodiversity Management Committees (BMCs), established at the local level under this Act, play a crucial role in documenting biodiversity, traditional knowledge, and facilitating access and benefit sharing (ABS) arrangements, which are central to the objectives of the Nagoya Protocol. Therefore, BMCs are indeed key to its realization. This statement is correct. 2. Statement 2: The Biological Diversity Act, 2002, and associated rules empower BMCs with important functions related to ABS. They are involved in decision-making regarding access to biological resources and associated traditional knowledge. They also have the power to levy collection fees for access to or collection of biological resources from their respective jurisdictions. This statement is correct. 3. Since both statements are correct, the answer is (C) Both 1 and 2.