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China supports TRIPS waiver on COVID-19 vaccines proposed by India, South Africa
China fully understands and is supportive of the developing world s demand for an IPR waiver for COVID-19 vaccines, Chinese Foreign Ministry spokesman Zhao Lijian told reporters in Beijing, without directly referring to India and South Africa s proposal
PTI | May 18, 2021 | Updated 09:12 IST
China, which is actively pursuing vaccine diplomacy, said on Monday that it is supportive of India and South Africa s proposal for a temporary waiver of Trade-Related Aspects of Intellectual Property Rights (TRIPS) for coronavirus vaccines, asserting that Beijing will back all actions that are conducive to the developing countries fight against the pandemic.
Read more about Patent waver for Covid vaccine without tech transfer won t speed up supply on Business Standard. Intellectual property rights (IPR) on drugs and vaccine formulae give creators an exclusive right over inventions for a certain period of time, and prevent pharmaceutical companies from making it.
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