Home EU warned by business group on plan to curb Covid vaccine exports
EU warned by business group on plan to curb Covid vaccine exports
International Chamber of Commerce tells Brussels move could have ‘devastating’ impact on global jab supplies
World Economy News
29 Jan 2021 • 2 min read
Brussels has been warned by a leading business group that its plans to give EU member states powers to block vaccine exports threatens to trigger retaliation and have a “devastating” impact on global jab supplies.
The International Chamber of Commerce said in a letter to Ursula von der Leyen, European Commission president, that the move to limit exports which is expected as early as Friday could “very rapidly erode essential supply chains”.
Europe’s intention to control the exports of COVID-19 vaccines to foreign countries risks retaliation measures from other regions, the EU pharma industry has warned.