U.S. support for COVID patent waiver will push WTO talks, says WTO chief

PUBLISHED: Fri, 07 May 2021 19:27:19 GMT
Gavin Jones
Reuters
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Ngozi Okonjo-Iweala, former finance minister of Nigeria, co-chair of the Global Commission on the Economy and Climate

ROME, May 7 (Reuters) – A United States’ proposal to discuss waiving patent protections for COVID-19 vaccines will intensify talks on the issue within the World Trade Organisation, the WTO director general said on Friday.

Speaking at an online conference, Ngozi Okonjo-Iweala said there were arguments for and against a waiver, but she was “sure (the proposal) will give impetus” to negotiations.

Aside from the patent issue, the WTO chief said there were other aspects that needed to be addressed to improve vaccine supplies, such as reducing export restrictions so that supply chains can work efficiently.

At the event organised by the European University Institute in Florence, Okonjo-Iweala said it was also necessary to increase production capacity in emerging countries, noting that Africa currently imports almost all its vaccines.

She said she hoped WTO members would “come together” to address all these issues to help increase vaccine volumes.

(Reporting By Gavin Jones, editing by Angelo Amante)

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