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Only in the United States can innovators create a lifesaving COVID-19 vaccine at “warp speed.”
The same can’t be said for bad actors such as China, which cheats and steals what America innovates. That’s precisely why we need to protect our innovators’ intellectual property rights, especially when it comes to the COVID-19 vaccine.
In recent months, members of the World Trade Organization’s Council for Trade-Related Aspects of Intellectual Property Rights have attempted to undermine legal IP protections for COVID-related technologies such as vaccines. These members have requested a waiver for these protections so foreign nations, including China, can reap the benefits of the hard work and investments made by U.S. vaccine developers.
President Joe Biden to announce at G7 Summit that the US will provide 500 million doses of Coronavirus vaccines to about 100 countries over the next year.