4/14/2021
(Adds U.S. Chamber of Commerce reaction)
GENEVA, April 14 (Reuters) - The head of the World Trade
Organization laid out a series of actions on Wednesday for
countries and drug makers to increase production of coronavirus
vaccines and share them more widely and fairly.
Ngozi Okonjo-Iweala, who became WTO director-general in
March, called a closed-door meeting of producers, governments
and others over inequitable access, with low-income countries
administering just 0.2% of 700 million global doses.
In her concluding remarks, Okonjo-Iweala said that concerns
over cross-border supply chains, including export curbs and
shortages of skilled personnel, had reinforced her view that the
WTO must play a central role in the response to the pandemic.
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India and South Africa want a temporary waiver of IP rights to boost production of Covid-19 vaccines
Four top Republican senators urged US President Joe Biden not to accept a proposal by India and South Africa to the World Trade Organisation to waive anti-Covid vaccine patents to boost its supply on Friday.
“India, South Africa and other countries are presenting a proposal at the World Trade Organisation to waive all intellectual property rights for any innovation related to Covid-19,” the group of four Republican senators wrote in a letter to Biden. “The proponents of this scheme argue that if we just destroy the intellectual property developed by American companies, we will suddenly have more manufacturers producing Covid-19 vaccines,” they said.
President Biden urged not to accept India and South Africa proposal at WTO on COVID-19
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Last Updated: Mar 06, 2021, 09:42 AM IST
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Synopsis The proponents of this scheme argue that if we just destroy the intellectual property developed by American companies, we will suddenly have more manufacturers producing COVID-19 vaccines, they said.
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Four top Republicans Senator on Friday urged US President Joe Biden not to accept a proposal by India and South Africa to the World Trade Organisation to waive anti-Covid vaccine patents to boost its supply. India, South Africa and other countries are presenting a proposal at the World Trade Organisation to waive all intellectual property rights for any innovation related to COVID-19, the group of four Republican Senators wrote in a letter to Biden.