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LATEST NEWS UPDATES | TRIPS Waiver Proposal: Big Pharma Steering Discourse Away From Patent Monopoly -Richa Chintan

TRIPS Waiver Proposal: Big Pharma Steering Discourse Away From Patent Monopoly -Richa Chintan

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published Published on Nov 4, 2021   modified Modified on Nov 6, 2021

-Newsclick.in

It appears the stage is being set to scuttle India and South Africa’s IP waiver proposal with regard to Covid vaccines and technology ahead of the 12th WTO Ministerial this month-end.

At various global fora, Big Pharma and rich countries have been steadfastly pushing the focus toward supply-side bottlenecks of vaccines and unequal distribution of doses in a bid to steer the discourse away from the more contentious issue of patents and the reluctance of corporates to share technical know-how with manufacturers in the developing countries.

Vaccine equity is desired but only till the point it preserves the patent monopoly of Big Pharma in manufacture. So seems to be the discourse at major global meetings held recently, such as the G20 Summit. A recent World Trade Organisation paper also argued that elimination or significant reduction of tariffs on vaccine inputs is important to reduce costs and to expand output from vaccine manufacturers meeting acute global needs.

All this comes ahead of the 12th WTO Ministerial to be held in Geneva from November end and appears to be a multi-pronged effort to scuttle the TRIPS waiver proposal mooted by India and South Africa in October 2020.

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Newsclick.in, 4 November, 2021, https://www.newsclick.in/TRIPS-Waiver-Proposal-Big-Pharma-Steering-Discourse-Away-Patent-Monopoly?fbclid=IwAR3lX3It5aoMmdSXCRId1mHngeGW9e-xOaLmVqpfvv8MpjgYPCcrfnvpnJA


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