Categories: Business

Covid vaccines: EU ignores India, S Africa’s patent waiver plea at WTO

MUMBAI: The European Union has submitted a draft declaration at the World Trade Organization (WTO), “ignoring” the objectives of intellectual property (IP) waiver jointly sought by India and South Africa on Covid drugs and vaccines.
While the waiver proposal is backed by over 100 countries, the EU has resisted it for eight months now.
The EU declaration, which reiterates its position of using existing provisions under the WTO’s TRIPS (Trade-Related Aspects of Intellectual Property Rights) agreement during the pandemic, is being perceived by public health experts as a diversionary tactic.
This could delay the progress of reaching a consensus on the waiver, which is critical to address the stark inequities in access to Covid vaccines globally.
If adopted, the waiver is expected to provide countries with critical policy space to address IP barriers to increase collaboration in research and development, manufacturing and scale-up, and hence boost supply of Covid medicines and vaccines.
The declaration comes ahead of an informal meeting of a small group of countries at the TRIPS Council on June 24, where it is expected to be discussed.
Hopes had risen among WTO members that the negotiations will be fast-tracked, and a possible consensus may emerge soon.
In its position made public earlier this month, the EU reaffirmed the content of the Doha Declaration on the TRIPS Agreement and Public Health, and asked governments to “facilitate the use of compulsory licensing”.

news2in

Share
Published by
news2in

Recent Posts

44 ordered to attack the procession

Ludhiana: The police have submitted FIR to four identified and at least 40 unknown attackers…

2 years ago

Punjab: Police Reject conspiracy theory in the case of Deep Sidhu

Sonīpat / Ludhiana / Ambala: Actor Punjabi - Activist Activist Deep Sidhu, who died in…

2 years ago

Punjab: Hidden Strength Working Behind PM Narendra Modi, Arvind Kejriwal, said Rahul Gandhi

PATIALA / MANSA / BARNALA: Attacking Prime Minister Narendra Modi and AAP National Convener Kejriawal,…

2 years ago

BJP made AAP to endanger the Congress, said Ajay

Jalandhar: BJP and AAM AAM AADMI parties are one party, Secretary General of the Ajay…

2 years ago

Our job is to make Punjab No. 1 State: Meenakshi Lekhi

Ludhiana: Minister of Union Culture Meenakshi Lekhi while campaigning to support the BJP candidate from…

2 years ago

Feb 20 is an opportunity to change the destiny of Punjab and his children: Bhagwant Mann

Machhiwara (Ludhiana): AAM AAM AADMI Party (AAP) Head of Punjab Candidate and Members of Parliament…

2 years ago