The organization of IGC5 was one factor that slowed progress and improvements and lessons learnt must be implemented for the resumed session. G77 and China stress that the future instrument must encompass topics identified in the package agreed in 2011. Firmly believe that the principle of the common heritage of mankind should guide and underpin the legal regime for the conservation and sustainable use of marine biological diversity of ABNJ, including the access and sharing of benefits of MGR.This principle provides a legal foundation for a fair and equitable regime that would allow all countries to benefit from the potential that marine biodiversity represents in terms of global food security, economic prosperity and to address the challenges of conservation and sustainable use of MGRs of ABNJ. The progress that has been made in two weeks is quite incredible. We have finally seen flexibility and movement, had this come early we could perhaps have seen an agreement wrapped up today.