Edition: International | Greek
MENU

Home » World

Rich countries block push by developing nations to waive COVID vaccine patents rights

Richer members of the World Trade Organization (WTO) blocked a push by over 80 developing countries on Wednesday (10 March) to waive patent rights in an effort to boost production of COVID-19 vaccines for poor nations

By: EBR - Posted: Thursday, March 11, 2021

"South Africa and India renewed their bid to waive rules of the WTO’s Trade-Related Aspects of Intellectual Property (TRIPS) agreement, a move that could allow generic or other manufacturers to make more vaccines."
"South Africa and India renewed their bid to waive rules of the WTO’s Trade-Related Aspects of Intellectual Property (TRIPS) agreement, a move that could allow generic or other manufacturers to make more vaccines."

Richer members of the World Trade Organization (WTO) blocked a push by over 80 developing countries on Wednesday (10 March) to waive patent rights in an effort to boost production of COVID-19 vaccines for poor nations.

South Africa and India renewed their bid to waive rules of the WTO’s Trade-Related Aspects of Intellectual Property (TRIPS) agreement, a move that could allow generic or other manufacturers to make more vaccines.

South Africa argued the current TRIPS system does not work, pointing to the failure to secure life-saving medicines during the HIV/AIDS pandemic that had cost at least 11 million African lives.

Medecins Sans Frontieres in October put together a letter signed by over 375 civil society organisations supporting the waiver.

The South Africa and India proposal was backed by dozens of largely developing countries at the WTO, but opposed by Western countries, including Britain, Switzerland, EU nations and the United States, which have large domestic pharmaceutical industries.

India is a major manufacturer of generics, although many of the largest generic companies are based in Western and developed countries, including Viatris, Sandoz and Teva.

Western nations argue protecting intellectual property rights encouraged research and innovation and that suspending those rights would not result in a sudden surge of vaccine supply.

In its eighth discussion on the topic since it was first raised in October, the WTO’s TRIPS Council spent three hours debating, but failed to agree. Proposals need backing by a consensus of the WTO’s 164 members to pass.

They did at least agree to discuss the matter twice again in April before the next scheduled TRIPS Council meeting on 8-9 June.

Ngozi Okonjo-Iweala, who became WTO director-general on 1 March, called the intensifying TRIPS discussions “vitally important,” but said governments and businesses needed to act now to increase production, especially in emerging markets.

She said in a speech on Tuesday that manufacturers should come together with bodies such as the World Health Organization and vaccines alliance GAVI, whose board she used to chair, and business associations to look into options.

“We must make sure that in the end we deliver so that the millions of people who are waiting for us with bated breath know that we are working on concrete solutions,” the former Nigerian finance and foreign minister said.

*first published in: www.euractiv.com

READ ALSO

EU Actually

Ukraine may buy for 6 billion euros Chinese drones with EU money

N. Peter KramerBy: N. Peter Kramer

In his weekly column, N. Peter Kramer writes about the Ukraine buying for 6 billion euros drones in China with EU money. Is it a threat for Taiwan?

Europe

Diplomacy intensifies over Cyprus

Diplomacy intensifies over Cyprus

United Nations secretary-general envoy Maria Angela Holguin will be in Brussels on Wednesday for meetings seen as important to European Union preparations for a possible revival of Cyprus reunification talks ahead of an expected visit by Secretary-General Antonio Guterres to Cyprus next week.

Business

How Much Pressure Can European CEOs Take?

How Much Pressure Can European CEOs Take?

There was a time when the job of the CEO was difficult but relatively clear: grow the business, beat the competition, manage costs, satisfy shareholders, inspire employees and avoid major reputational mistakes. That world has disappeared.

MARKET INDICES

Powered by Investing.com
All contents © Copyright EMG Strategic Consulting Ltd. 1997-2026. All Rights Reserved   |   Home Page  |   Disclaimer  |   Website by Theratron