Saturday, July 31, 2021
Home Business Covid vaccines: EU ignores India, S Africa’s patent waiver plea at WTO...

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


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”.





Source link

RELATED ARTICLES

What is a Packaging Sleeve?

Sleeve packaging gives your product a unique look. It is just like a box without tucks or folds. Learn more here to know about the complete guide to this packaging.

Upcoming Weekend Events You Must Attend in Arkansas

People traveling to a place for vacation often search for things to do in that place. For example, if you want to...

Easy Tips For Effective Golf Course Maintenance

A golf course facility spreads over many hectares. For timely completion of maintenance procedures, you need to invest in a long list...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

4 Reasons you should buy an R4 karte

You can certainly do wonders with your Nintendo DS gaming console when you have the R4 karte available to be used with it. If...

What are the things consider buying south Indian jewelers?

South Indian jewelers as luxurious would be exact, however a gross distortion of what it truly is. South Indian gem specialist's styles...

What is a Packaging Sleeve?

Sleeve packaging gives your product a unique look. It is just like a box without tucks or folds. Learn more here to know about the complete guide to this packaging.

Apartment Rental Guide for Germantown Nashville

Germantown in Nashville is some of the best places to live in Nashville. It is very near to Downtown Nashville  and situated...

Recent Comments