WTO postpones major meeting after new COVID-19 variant outbreak

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GENEVA: The World Trade Organization (WTO) became the first major diplomatic casualty of the new coronavirus variant on Friday (Nov 26) when it postponed its first ministerial meeting in four years due to the de

on Friday when it postponed its first ministerial meeting in four years due to the deteriorating health situation.

The WTO said that its members had agreed late on Friday to postpone the ministerial conference after the new variant outbreak led to travel restrictions that would have prevented many ministers from reaching Geneva.The World Health Organisation has classified the B11529 variant detected in South Africa as a"variant of concern", saying it may spread more quickly than other forms of the virus. Scientists are also seeking to find out if it is vaccine-resistant.

India, South Africa and other developing countries are calling for a waiver of intellectual property rights for vaccines and other COVID-19 treatments. US President Joe Biden said on Friday he supported a waiver for vaccines.

 

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