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LATEST NEWS UPDATES | WTO talks face deadlock over decision on patent waiver, fisheries subsidies

WTO talks face deadlock over decision on patent waiver, fisheries subsidies

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published Published on Jun 17, 2022   modified Modified on Jun 17, 2022

-PTI/ The Hindu

The four-day ministerial conference that started on June 12 was extended by a day to give negotiators more time to iron out differences and strike the deal

Talks at the World Trade Organisation conference hit a fresh hurdle late on Thursday with a group of countries blocking a decision on two crucial issues, temporary patent waiver for COVID-19 vaccines and eliminating harmful subsidies to promote sustainable fishing, sources said.

The countries are still arguing over small details holding up a decision on these crucial issues, they said.

While the UK and Switzerland are said to be obstructing an agreement on TRIPS (Trade related aspects of Intellectual Priority Rights) waiver for COVID-19 vaccines, a group of small nations has raised concerns over the current negotiations on fisheries subsidies, they added.

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PTI/ The Hindu, 17 June, 2022, https://www.thehindu.com/business/wto-talks-face-deadlock-over-decision-on-patent-waiver-fisheries-subsidies/article65534734.ece?homepage=true


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