UN Secretary-General Antonio Guterres wrote on Twitter: “We must get to work to make sure the vaccine is available to everyone, everywhere. With this pandemic, none of us are safe until all of us are safe.”
Benny Kuruvilla heads the India office of Focus on the Global South, an Asia-based think tank providing analysis and building alternatives for just social, economic and political change.
Wearing a full protective suit, a woman doctor who leads a group of volunteer medical professionals attending to COVID-19 patients at a community hospital in the Philippines. Credit: UN Women/Louie Pacardo
NEW DELHI, India, Feb 4 2021 (IPS) - As the pandemic spills into its second year, the WHO tracker lists eight Covid-19 vaccines already in public use. Several others are awaiting regulatory approval. This is unprecedented in vaccine history and with effective international coordination, it presents the global community with a real chance for both pandemic and economic recovery in 202
Origins
Following World War II, the architects of the Bretton Woods Agreement proposed the formation of an international trade organisation to oversee a new multilateral system of international trade. The international trade organisation was intended to sit alongside the International Monetary Fund (IMF); however, it never came into existence due to opposition in the US Congress, which was concerned that such organisation would encroach excessively on domestic sovereignty. This led to the negotiation of a provisional agreement: the General Agreement on Tariffs and Trade (the GATT).
The GATT was intended to preserve parties tariff reduction commitments until the international trade organisation was established. However, the GATT ended up becoming a permanent framework for the multilateral trading system and was considered to be the default basis. Various negotiations have been held under the GATT, initially relating to tariff reductions but evolving to include other areas such as
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