Read more about WTO mulling intellectual property waivers for coronavirus vaccines on Business Standard. This comes amid growing pressure on rich nations to relax them as a way to help developing countries fight the pandemic.
Ambassadors from World Trade Organisation countries on Wednesday plan to discuss trade rules protecting the technological know-how behind COVID-19 vaccines amid growing pressure on rich nations to relax them as a way to help developing countries fight the pandemic. The WTO’s General Council was taking up a temporary waiver for intellectual property protections that South Africa and India first proposed in October. The idea has gained support in the developing world and among some progressive lawmakers in the West. Authors of the proposal, which has faced resistance from many countries with influential pharmaceutical industries, have been revising it in hopes of making it more palatable.
