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LATEST NEWS UPDATES | NGOs protest Commerce Ministry inaction on WTO COVID-19 vaccine proposal -Jacob Koshy

NGOs protest Commerce Ministry inaction on WTO COVID-19 vaccine proposal -Jacob Koshy

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published Published on May 29, 2022   modified Modified on May 30, 2022

-The Hindu

They write to Prime Minister asking him to renegotiate the draft proposal to waive intellectual property rights on vaccines and highlight the need for active engagement to improve it

A group of non governmental organisations has written to Prime Minister Narendra Modi, to prod the Union Commerce Ministry into “proactively engaging” with a draft proposal at the World Trade Organisation-TRIPS in Geneva to waive intellectual property rights, mostly controlled by companies in the West, governing COVID vaccines, drugs and diagnostics.

In October 2020, at the WTO’s Trade Related Aspects of Intellectual Property Rights (TRIPS) Council, India and South Africa proposed that the WTO do away with certain provisions of the TRIPS Agreement for the duration of the pandemic to facilitate access to technologies necessary for the production of vaccines and medicines.

Such a waiver would aid scaling up the local production, critical to ensure wider access to affordable and effective vaccines. Most of these patents are held by pharmaceutical companies in the U.S. and the European Union. The waiver proposal was blocked at the TRIPS Council and the WTO ministerial Council though there have been several rounds of discussions involving Ministers of several WTO member-countries.

The E.U., the U.S., India and South Africa later reportedly agreed on a new draft agreement that waives intellectual property rights on COVID vaccines for five years but not on drugs and diagnostic devices.

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The Hindu, 29 May, 2022, https://www.thehindu.com/news/national/ngos-protest-commerce-ministry-inaction-on-wto-covid-19-vaccine-proposal/article65473107.ece?homepage=true


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