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WTO countries should immediately finalise text on patent waiver for COVID-19 treatment: Experts
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Last Updated: May 06, 2021, 04:56 PM IST
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The agreement on Trade-Related Aspects of Intellectual Property Rights or TRIPS came into effect in January 1995. It is a multilateral agreement on intellectual property (IP) rights such as copyright, industrial designs, patents and protection of undisclosed information or trade secrets.
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With the US backing an initiative by India and South Africa at the World Trade Organization to temporarily waive patent rules on COVID-19 vaccines, experts on Thursday suggested the member countries of the WTO to immediately start negotiations on the text to finalise the proposal as coronavirus infections are increasing. In October 2020, India and South Africa submitted a proposal suggesting a waiver for all WTO members on the implementation, application and enforcement of certain provisions of the TRIPS agree
US President Joe Biden's administration on Wednesday announced support for a global waiver on patent protections for Covid-19 vaccines, offering hope to poor nations that have struggled to access the life-saving doses.
The WTO waiver battle over Covid jab IP rights Thu 06th May 2021 | 03:19 PM
Sudden US backing for a global waiver on patent protections for Covid-19 vaccines offers hope to poor nations struggling for doses but the big pharma industry thinks the notion misguided
Geneva (UrduPoint / Pakistan Point News - 6th May, 2021 ) :Sudden US backing for a global waiver on patent protections for Covid-19 vaccines offers hope to poor nations struggling for doses but the big pharma industry thinks the notion misguided.
Some countries see the temporary intellectual property rights waiver as a shortcut to ending the coronavirus pandemic.
Updated:
May 06, 2021 23:01 IST
In view of COVID-19, India and South Africa had on October 2 last year proposed a relaxation in the norms of the TRIPS agreement to ensure quick and affordable access to vaccines and medicines for developing countries.
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Adichunchanagiri Math head Nirmalanandanatha Swamiji and Karnataka Minister K. Gopalaiah at the inauguration of a temporary 100-bed Covid-19 Care Centre of, in Bengaluru, Thursday, May 6, 2021. | Photo Credit:
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In view of COVID-19, India and South Africa had on October 2 last year proposed a relaxation in the norms of the TRIPS agreement to ensure quick and affordable access to vaccines and medicines for developing countries.