India welcomes US support for proposal to waive off patent protection rules on Covid-19 vaccines
Hopeful that with a consensus based approach, the waiver can be approved quickly at the WTO. It is an important step for enabling rapid scaling up of manufacture and timely availability of affordable Covid 19 vaccines and essential medical products, says the Centre
BusinessToday.In | May 7, 2021 | Updated 08:32 IST
In view of Covid-19 pandemic, India and South Africa in 2020 had proposed in WTO a relaxation in the norms of the agreement on TRIPS
India has welcomed the US support for a relaxation in the norms of the TRIPS (Trade-Related Aspects of Intellectual Property Rights) agreement to ensure quick and affordable access to Covid-19 vaccines and medicines for developing countries.
WTO vaccine waiver could take months to negotiate, faces opposition -experts
05/06/2021 | 06:00pm EDT
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WASHINGTON, May 6 (Reuters) - World Trade Organization (WTO)
negotiations on a waiver of intellectual property rights for
COVID-19 vaccines could take months - provided they can overcome
significant opposition from some member countries, trade experts
say.
The talks also are likely to focus on a waiver that is
significantly narrower in scope and shorter in duration than the
one initially proposed by India and South Africa last October.
Prior to U.S. President Joe Biden s decision on Wednesday to
back talks for a vaccine waiver, the two countries confirmed
Should COVID-19 vaccine patents be waived globally? castanet.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from castanet.net Daily Mail and Mail on Sunday newspapers.
US lawmakers have applauded President Joe Biden for the temporary waiver of Covid vaccines (File)
Washington:
US lawmakers have applauded President Joe Biden for the temporary waiver of some Trade-Related Aspects of Intellectual Property Rights (TRIPS) rules to accelerate manufacturing and distribution of coronavirus vaccines.
Congressman James Clyburn said the announcement will not only help vulnerable populations in other countries, but it will protect all Americans from the risk of variants that threaten to undermine the recent success in administering vaccinations and reducing infections. I commend the Biden-Harris administration on today s announcement in support of the temporary waiver of certain intellectual property rules in order to accelerate the delivery of much-needed coronavirus vaccines to people around the world, the chairman of the Select Subcommittee on the coronavirus crisis said.