India, South Africa to make last-ditch attempts at WTO for TRIPS waiver
February 05, 2021
Complications arising from IP rights protection could leave poor countries waiting till 2024 to achieve mass vaccination - istockphoto
Complications arising from IP rights protection could leave poor countries waiting till 2024 to achieve mass vaccination - istockphoto×
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In a last-ditch attempt to get an agreement at the World Trade Organisation (WTO) on the proposed waiver of Trade Related Intellectual Property Rights (TRIPS) obligations to fight the Covid-19 pandemic, India, South Africa and other co-sponsors are seeking to reach out to member countries individually for further discussions focussing on the contours, the scope and the time frame of the waiver, a Geneva-based official has said.
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Rise above narrow interests, support plan for uninterrupted flow of medicines, vaccines: India tells WTO
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Synopsis
At an informal mini-ministerial meeting of around 30 members of the World Trade Organization (WTO), commerce and industry minister Piyush Goyal asked them to “rise above the narrow interests and entrenched positions”.
Commerce and industry minister Piyush Goyal (File Pic)
NEW DELHI: India on Friday batted strongly for its joint proposal with South Africa for a temporary waiver in global intellectual property rights rules to ensure uninterrupted flow of medicines, vaccines and medical equipment among countries amid the ongoing pandemic.
At an informal mini-ministerial meeting of around 30 members of the World Trade Organization (WTO), commerce and industry minister Piyush Goyal asked them to “rise above the narrow interests and entrenched positions”.
New Delhi termed developed countries argument on the sufficiency of such licensing arrangements for ramping up manufacturing capacities “wishful thinking”.