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Negotiations will focus on a highly anticipated revised draft submitted by India and dozens of other proponents last week. . Read more at straitstimes.com. ....
A deal on an intellectual property waiver for COVID-19 vaccines at the WTO was no closer to acceptance on Monday despite Washington s backing, due to expected skepticism about a new draft. ....
A deal on an intellectual property waiver for COVID-19 vaccines at the World Trade Organization (WTO) was no closer to acceptance on Monday despite Washington's backing, due to expected scepticism about a new draft, sources close to the talks told Reuters. ....
WTO receives a booster shot with new DG The World Trade Organization (WTO), the body that is entrusted to promote free international trade, has recently received two very well-timed shots in the arm. The WTO was in a moribund state almost on life support during the last year and a half, following the outbreak of the US-China trade war and the total decimation of its Appellate Court. International trade among nations suffered a massive blow during the Covid-19 pandemic and there was concern on whether the WTO would just fold itself up and wait for another international body to take its place. Now, the WTO cheerleaders can keep their fingers crossed and hope that this year will bring about a much-needed morale boost and restore some normalcy in the global arena. This will not only facilitate the resuscitation of the WTO but also enable rule-based trade and commerce to grow, which will in turn create a synergistic effect on economic growth and create a virtuous cycle. ....