WTO chief welcomes US backing for COVID-19 vaccine patent waiver
World Trade Organization director-general also welcomes decision by India, South Africa to revise waiver proposal
2021-05-06 22:41:15
GENEVA
The World Trade Organization chief Thursday “warmly” welcomed the US readiness to engage in a temporary intellectual property agreements waiver to help in combating COVID-19 and hailed the decision by India and South African to revise a WTO proposal on this.
WTO Director-General Ngozi Okonjo-Iweala issued a statement the day after US Trade Representative Katherine Tai said that President Joe Biden s administration supported the idea of a temporary lifting of intellectual property protection.
G7 Foreign and Development Ministers’ Meeting Communiqué (London, 5 May 2021) Share
I. Preamble
1. We, the Foreign and Development Ministers of the Group of Seven (G7), and the High Representative of the European Union, are meeting today at a critical juncture for our people, our planet, our security and our future prosperity. Democracy is under pressure globally; the pandemic continues to pose acute global challenges; new technological threats are mounting; and the catastrophic effects of climate change are increasing. We commit to strengthening open societies, shared values, and the rules-based international order. We affirm that free and fair trade, and the free and secure flow of capital, data, knowledge, ideas and talent is essential to our long-term prosperity. We affirm that liberal democracy and free and fair markets remain the best models for inclusive, sustainable social and economic advancement. We commit to tackling threats jointly and committing our resources to a
The world is at a critical juncture in the fight to solve the climate crisis.
President Biden’s recent Leaders Summit on Climate restored some momentum on global climate action, but we are not yet on track to limit global warming to 1.5 degrees C (2.7 degrees F), the threshold scientists agree will prevent the most dangerous climate impacts. Failure to reach this goal will take a disproportionate toll on developing countries.
Indeed, in recent years vulnerable nations, including small island developing states and least developed countries, have watched their key demands and needs go unanswered by other nations. These vulnerable nations are least responsible for creating the climate change problem, but they are often the most affected by its impacts like sea level rise, floods, droughts and more. It is time for vulnerable countries to be heard ahead of the COP26 climate negotiations in Glasgow in November 2021. Ensuring that these countries are empowered, mobilized and adequate
Collaborative efforts among LDCs, LLDCs, PIDCs stressed thehimalayantimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehimalayantimes.com Daily Mail and Mail on Sunday newspapers.