Moneycontrol PRO
HomeNewsIndiaIndia, South Africa bat for IP obligations waiver from WTO for medical products amid COVID-19

India, South Africa bat for IP obligations waiver from WTO for medical products amid COVID-19

The waivers sought are in the field of implementation, application and enforcement of relevant sections of the TRIPS agreement.

October 03, 2020 / 21:10 IST

India and South Africa on October 2 submitted a joint communication to World Trade Organisation (WTO) seeking a waiver from intellectual property obligations under the Trade-Related Intellectual Property Rights (TRIPS) agreement for a limited period.

Through the joint communique, both India and South Africa are aiming at the adequate production, availability and distribution of crucial medicines and vaccines globally amid the COVID-19 pandemic. Both the counties have sought a waiver from intellectual property obligations for the member countries.

COVID-19 vaccine roll-out expected in less than 3 months in UK.

"Internationally, there is an urgent call for global solidarity, and the unhindered global sharing of technology and know-how in order that rapid responses for the handling of COVID-19 can be put in place on a real-time basis," quoted the Hindu BusinessLine of the joint communication submitted by India and South Africa to WTO.

As per the communique, the governments of India and SA asked Council for TRIPS to recommend the General Council a waiver in relation regarding containment, treatment and prevention of COVID-19. The waivers sought are in the field from implementation, application and enforcement of relevant sections of the TRIPS Agreement.

COVID-19 Vaccine

Frequently Asked Questions

View more
How does a vaccine work?

A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine.

How many types of vaccines are there?

There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine.

What does it take to develop a vaccine of this kind?

Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time.

View more
Show

India and SA also recommended that the waivers should continue until widespread vaccination is in place globally.

Russia to begin Phase III trials of second COVID-19 vaccine in November-December: Report

What is TRIPS Pact?

This is a comprehensive multilateral agreement on intellectual property which provides a wide range of protection to WTO member countries. Under this, patents, trademark, copyright, geographical indication, industrial designs are covered.

However, during the times of emergencies TRIPS Agreement provides flexibilities to countries, specially to issue compulsory licences to generic producers to manufacture patented drugs.

Apart from patents, several countries face an intellectual property rights issue. Though the joint communication, India and SA stated that restrictions on the manufacture of patented drugs have affected developing and least developed countries amid COVID-19.

Moneycontrol News
first published: Oct 3, 2020 09:09 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347