HomeNewsBusinessTradeExclusive | Deadlock on vaccine waiver issue at WTO continues at latest meet

Exclusive | Deadlock on vaccine waiver issue at WTO continues at latest meet

Rich nations oppose suspension of global intellectual property rights of COVID-19 vaccine manufacturers. The latest development may derail the August deadline to conclude talks.

July 09, 2021 / 12:47 IST
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File image: World Trade Organization (WTO) global headquarters in Geneva, Switzerland
File image: World Trade Organization (WTO) global headquarters in Geneva, Switzerland

India’s proposal to waive off certain Intellectual Property Rights (IPR) of COVID-19 vaccine manufacturers to boost the availability of the vaccine is seeing slow progress at the World Trade Organization (WTO) as talks continue.

Sources say the two latest meetings of the WTO Council on Trade-Related Aspects of Intellectual Property Rights (TRIPS) has seen no progress as nations dig into their positions. Opposition from richer nations such as the United Kingdom, Australia and Singapore, and the European Union continued at the latest TRIPS Council meeting on July 6.

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As a result, maintaining the deadline for early August is becoming more untenable. A boost in vaccine availability as a result of the waiver has been included by the government in India’s long-term vaccination plans, sources said.

The powerful TRIPS Council had on June 9 cleared India's proposal for a further debate by all members. A series of meetings throughout July are slated, aimed at helping bridge the gap and reach a unanimous decision. All WTO actions are passed only by the full consensus of all member-nations.