WTO seeks shot in the arm with COVID-19 vaccine IP idea

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GENEVA: The WTO\u0027s search for a role in fighting the pandemic sharpened up on Monday (Jun 13) as ministers seek a compromise to lift intellectual property rights on COVID-19 vaccines. The World Trade Organization\u0027s first ministerial meeting since December 2017 is wrestling with the wording of a text that wo

Non-governmental organisations staged a protest in the WTO's central atrium, chanting slogans and unfurling banners reading:"No monopolies on COVID-19 medical tools" and"End vaccine apartheid".

"It's an indictment of the WTO system: it's completely broken, it can't respond to a pandemic, it has no ability to put anything other than maximising profits for corporations ahead of anything else."In October 2020, India and South Africa began pushing for the WTO to lift IP rights on COVID-19 vaccines, tests and treatments to help ensure more equitable access in poorer nations.

Beijing has promised not to use the facilities granted to developing countries in the draft agreement, but, according to several diplomats, Washington wants this commitment in writing.

 

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