The news will support the increased production of vaccines globally as countries, including India, continue to reel under the impact of the pandemic.
The United States will support an initiative at the World Trade Organisation (WTO) to waive Trade Related Intellectual Property Rights (TRIPS) protection for COVID-19 vaccines, the Biden administration said on Wednesday. The news will support the increased production of vaccines globally as countries, including India, continue to reel under the impact of the pandemic. The initiative was first floated by India and South Africa last October.
“The administration believes strongly in intellectual property protections, but in service of ending this pandemic, supports the waiver of those protections for Covid-19 vaccines,” United States Trade Representative Katherine Tai announced, adding that the “extraordinary circumstances” called for “extraordinary measures.”
Ms. Tai also said that the negotiations to effect the IP waiver would take…