HomeNewsBusinessEconomyIndia trying to build consensus over vaccine patent waiver, resists agri talks as WTO summit enters last day: Officials

India trying to build consensus over vaccine patent waiver, resists agri talks as WTO summit enters last day: Officials

But as member nations struggle to compromise on almost all key issues, the 12th biennial summit of the World Trade Organization (WTO) has been extended by a day to Thursday.

June 16, 2022 / 11:14 IST
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World Trade Organization headquarters in Geneva, Switzerland
World Trade Organization headquarters in Geneva, Switzerland

India is still trying to build consensus among member nations as the fifth and final day of the biennial summit of the World Trade Organization (WTO) begins, officials said.

Certain compromises may need to be made for the proposed global Covid vaccine intellectual property rights waiver deal to roll out as soon as possible, senior officials tracking the developments told Moneycontrol. But talks on agriculture and fisheries remain stuck as New Delhi remains against the positions taken by most developed economies which deny equitable measures to the developing world, they added.

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The once-in-two-year mega meeting of trade ministers from all 164 World Trade Organization (WTO) member nations, which legislate on global trade, is ongoing and has seen tense discussions on almost all issues.

But as member nations struggle to compromise on almost all key issues, the 12th biennial summit of the WTO has been extended. It will now end on 16 June, with the closing session scheduled to begin at 6:30 PM Indian Standard Time on Thursday after an intervention by WTO Director-General Ngozi Okonjo-Iweala.