Before Biden’s announcement on Wednesday, India and South Africa confirmed their intention to draft a new waiver proposal at a WTO General Council meeting, prompting the body’s new director general Ngozi Okonjo-Iweala to express hope for “a pragmatic solution”.
After the 10th round on April 30, India and South Africa said they would revise their text from October in time for the next TRIPS council meeting in the second half of May before further discussion on June 8 and 9.US Trade Representative Katherine Tai said on Wednesday she would pursue “text-based negotiations” on the WTO waiver, the standard but tedious process for trade deal talks.
All 164 WTO member countries must reach consent on such decisions, with any one member able to veto them, so there could be a lot of red pencils out.Ramaphosa: We cannot hope to overcome Covid-19 for as long as richer countries continue to hoard vaccinesWorld Health Organisation chief Tedros Adhanom Ghebreyesus said on Monday the process needed to be completed as soon as possible.
They say there cannot be a repeat of the early years of the HIV/Aids pandemic, when a lack of access to life-saving medicines cost millions of African lives.The WHO head and 375 civil society and campaign groups such as Doctors Without Borders back the proposal. Big Pharma says vaccine development is unpredictable and costly and that strong intellectual property protection helped provide the incentive for the development of vaccines in record time and will do so again in work on tackling new variants or in a future pandemic.Proponents counter that some of the money was public funds.
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