Thursday, October 28, 2021

India, South Africa want WTO to ease rules to produce/import covid drugs

India and South Africa want the World Trade Organization (WTO) to waive intellectual property rules to make it easier for developing countries to produce or import COVID-19 drugs, a letter to the WTO shows. In their letter dated October 2 the two countries called on the global trade body to waive parts of the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS), which governs patents, trademarks, copyright and other intellectual property rules globally. “As new diagnostics, therapeutics and vaccines for COVID-19 are developed, there are significant concerns (over) how these will be made available promptly, in sufficient quantities and at (an) affordable price to meet global demand,” the letter posted on the Geneva-based WTO’s website says. The two countries said that developing nations are disproportionately affected by the pandemic and that intellectual property rights, including patents, could be a barrier to the provision of affordable medicine.

MUST READ  Punjab govt sets target of 2 lakh vaccinations every day

The letter asks that the WTO’s Council for TRIPS recommends a waiver to the General Council, the WTO’s top decision-making body in Geneva, “as early as possible”. It does not say how much support India and South Africa have from other countries.

A draft General Council decision text submitted with the letter says the waiver should last an as yet unspecified number of years and be reviewed annually.

Latest news

Audio rights of ‘Banaras’ sold to T- Series and Lahari Music for big price

The much hyped magnum opus, director Jayathirtha's film “Banaras” has notched up a new high after its audio rights were acquired by T-Series and...

Scholarships available to become qualified practicing interpreters

Scholarship applications are now open for people who speak in-demand languages to become qualified practicing interpreters. Minister for Multiculturalism Natalie Ward said the NSW Interpreter...

Project Remediate: First cladding removed from Darlington apartment block 

The NSW Government’s billion dollar cladding remediation program, Project Remediate, has reached a significant milestone with the first cladding removed for investigation from a...

Pandemic-specific laws to be made to ensure covid lessons learnt

The Victorian Government will introduce news laws that provide a clear and streamlined framework for managing volatile and long pandemics such as COVID-19 –...

Related news

Audio rights of ‘Banaras’ sold to T- Series and Lahari Music for big price

The much hyped magnum opus, director Jayathirtha's film “Banaras” has notched up a new high after its audio rights were acquired by T-Series and...

Scholarships available to become qualified practicing interpreters

Scholarship applications are now open for people who speak in-demand languages to become qualified practicing interpreters. Minister for Multiculturalism Natalie Ward said the NSW Interpreter...
MUST READ  South Africa asks rich countries not to hoard COVID vaccines

Project Remediate: First cladding removed from Darlington apartment block 

The NSW Government’s billion dollar cladding remediation program, Project Remediate, has reached a significant milestone with the first cladding removed for investigation from a...

Pandemic-specific laws to be made to ensure covid lessons learnt

The Victorian Government will introduce news laws that provide a clear and streamlined framework for managing volatile and long pandemics such as COVID-19 –...

“Guerin’s behaviour risked damaging the integrity of Victoria Police”

The release of IBAC’s special report into Operation Turon, the investigation into alleged police misconduct of then Assistant Commissioner Mr Brett Guerin, should send...

Australia plans to reach net zero emissions by 2050

The Morrison Government will act in a practical, responsible way to deliver net zero emissions by 2050 while preserving Australian jobs and generating new...

‘Ishq Da Rog’ song touching hearts of audience

This heart melting song is touted to be the "love anthem" of the year. The song is high on its musical richness, its subtlety...

NSW govt doubled funds this year to promote Aboriginal businesses

The NSW Government is delivering on its promise to increase opportunities for Aboriginal businesses with an 89 per cent increase in the NSW Government’s...