The second phase of the BTFP was launched in April 2008. The goal of the BTFP II is to facilitate sustainable trade in biodiversity products and services, through innovative collaborative arrangements that will enhance sustainable bio-resource management, product development, value-added processing and market entry, product differentiation and to improve access to trade and pre-export finance, giving a voice to BioTrade in the policy environment that affects such trade.
In contrast to the 1st phase (see below: BTFP I), it puts more emphasis on the private sector involvement in implementing BioTrade. Two new components have been introduced for this purpose: the Andean Association BioNativa and the Union for Ethical BioTrade. This second phase also turned its attention towards financing BioTrade companies through a partnership with IFC. Finally, the governance and project administration has been significantly changed to allow for the up-scaling of BTFP. Activities are funded by the Danish, Dutch and Swiss governments.