Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

WTO countries should immediately finalise text on patent waiver for COVID-19 treatment: Experts

PTI
Updated: May 6th, 2021, 20:09 IST
in Business, International
0
Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

New Delhi: With the US backing an initiative by India and South Africa at the World Trade Organization to temporarily waive patent rules on COVID-19 vaccines, experts on Thursday suggested the member countries of the WTO to immediately start negotiations on the text to finalise the proposal as coronavirus infections are increasing.

In October 2020, India and South Africa submitted a proposal suggesting a waiver for all WTO members on the implementation, application and enforcement of certain provisions of the TRIPS agreement in relation to the prevention, containment or treatment of COVID-19.

Also Read

Pakistan says no request from Iran for ‘military assistance’

4 hours ago
India, France begin joint military Exercise Shakti

India, France begin joint military Exercise Shakti

4 hours ago

The agreement on Trade-Related Aspects of Intellectual Property Rights or TRIPS came into effect in January 1995. It is a multilateral agreement on intellectual property (IP) rights such as copyright, industrial designs, patents and protection of undisclosed information or trade secrets.

Experts said negotiations in the WTO (World Trade Organization) should be concluded as early as possible because the world needs vaccines and other medical products to contain and treat people from this disease now.

“How long the negotiations will go in the WTO to agree on the text. That will be key, because we need the things right now.

“Details of the text will be important as there should not be any conditions, which could make it difficult for developing countries like India and South Africa to manufacture vaccines. Devil lies in the details,” Biswajit Dhar, professor of economics at Jawaharlal Nehru University, said.

He added that all the things required to treat and contain COVID-19 should be free from IPR (intellectual property rights) incumbrances.

National Intellectual Property Organisation (NIPO) President T C James said the words in the text would be key and the WTO member countries should soon start the negotiations on that.

“Technology is important here, IPR is not that big thing. We need to encourage more competition among pharma companies,” James said.

The Biden administration has backed an initiative by India and South Africa at the WTO to temporarily waive patent rules on COVID-19 vaccines. It is seen as a breakthrough in the global fight against the deadly pandemic by potentially expanding the supply of the vaccines and more affordable doses for less wealthy nations.

Announcing the major policy decision after intense internal debate and strong pushback from American drugmakers, US Trade Representative Katherine Tai on Wednesday said this is a global health crisis and the extraordinary circumstances of the COVID-19 pandemic call for extraordinary measures.

Dev Robinson, partner and national practice head (IPR) at Shardul Amarchand Mangaldas & Co, said, “Suspension of IPRs (are) only a part of the solution that IPR owners may not assert their rights in certain situations. The other part of it is actual cooperation to effect a transfer of know-how-to manufacture. This is the tricky part.”

When asked whether the move will help Indian pharma firms to get technology know-how from global pharma majors to produce the vaccine domestically, he said quality components are key and setting up facilities could take time.

“A hybrid approach appears more plausible to attend to the circumstances of national emergency and extreme urgency,” he added.

Jaishil Shah, partner at Deloitte India, said the proposal is approved by the US and it needs approval from other countries as well.

“This will ensure affordability and accessibility across developing/under developed countries which in term can help fight this pandemic…

“Definitely, this will help India get technical know-how from other leading organisations. This in turn will help us have a different variety of vaccines and ensure faster reach,” Shah said.

He added that the government should engage with other countries to discuss the benefits from this move and ensure support on vaccine requirements across the world.

PTI

Tags: COVID-19PatentvaccineWTO
ShareTweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

IEC (1yr.)

 

OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

#MyPaperBagChallenge

Keshab Chandra Rout

December 12, 2019
#MyPaperBagChallenge

Priyabrata Mohanty

December 12, 2019
#MyPaperBagChallenge

Tapaswini Mallick

December 12, 2019
#MyPaperBagChallenge

Ramakanta Sahoo

December 12, 2019
#MyPaperBagChallenge

Archit Mohapatra

December 12, 2019
#MyPaperBagChallenge

Sisirkumar Maharana

December 12, 2019
#MyPaperBagChallenge

Pitabas Tripathy

December 12, 2019
#MyPaperBagChallenge

Sarfraz Ahmad

December 12, 2019
#MyPaperBagChallenge

Faiza Firdous

December 12, 2019
#MyPaperBagChallenge

Pratik Kumar

December 12, 2019
#MyPaperBagChallenge

Adyasha Priyadarsani Sendha

December 12, 2019
#MyPaperBagChallenge

Subhajyoti Mohanty

December 12, 2019
#MyPaperBagChallenge

Chinmay Kumar Routray

December 12, 2019
#MyPaperBagChallenge

Ankita Balabantray

December 12, 2019
#MyPaperBagChallenge

Akshaya Kumar Dash

December 12, 2019
#MyPaperBagChallenge

Sarmistha Nayak

December 12, 2019
#MyPaperBagChallenge

Swarit Praharaj

December 12, 2019
#MyPaperBagChallenge

Praptimayee Biswal

December 12, 2019
#MyPaperBagChallenge

Aman Kumar Barisal

December 12, 2019
#MyPaperBagChallenge

Smitarani Sahoo

December 12, 2019
#MyPaperBagChallenge

Parbati Mohanty

December 12, 2019
#MyPaperBagChallenge

Subhajyoti Mohanty

December 12, 2019
#MyPaperBagChallenge

Pragyan Priyambada

December 12, 2019
#MyPaperBagChallenge

Narendra Kumar

December 12, 2019
#MyPaperBagChallenge

Geetanjali Patro

December 12, 2019
#MyPaperBagChallenge

Adrita Bhattacharya

December 12, 2019
#MyPaperBagChallenge

Saishree Satyarupa

December 12, 2019
#MyPaperBagChallenge

Archana Parida

December 12, 2019
#MyPaperBagChallenge

Adweeti Bhattacharya

December 12, 2019
#MyPaperBagChallenge

Mrutyunjaya Behera

December 12, 2019

Archives

Editorial

Trouble For Iran

Iran flag
June 18, 2025

The escalating conflict between Israel and Iran has plunged the Middle East into deeper turmoil, with ramifications stretching far beyond...

Read more

Korean Challenge

Lee Jae-myung
June 17, 2025

The people of South Korea have shown their maturity as votaries of democracy by recently gifting a landslide victory to...

Read more

Mid East Great Again

Iran's private message to Israel: ‘Can intervene if military campaign continues in Gaza’
June 16, 2025

For decades, current Israeli Prime Minister Benjamin Netanyahu has been warning about the “existential threat” that a nuclear-armed Iran poses...

Read more

Nameless Doctrine

June 15, 2025

On 12 June, the United Nations General Assembly adopted a resolution demanding an immediate, unconditional and lasting ceasefire in Gaza....

Read more
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Editorial
  • Opinion
  • Sports
  • About Us
  • Advertise
  • Contact Us
  • Jobs
Developed By Ratna Technology

© 2024 All rights Reserved by OrissaPOST

  • News in Odia
  • Orissa POST Epaper
  • Video
  • Home
  • Trending
  • Metro
  • State
  • Odisha Special
  • National
  • International
  • Sports
  • Business
  • Editorial
  • Entertainment
  • Horoscope
  • Careers
  • Feature
  • Today’s Pic
  • Opinion
  • Sci-Tech
  • About Us
  • Contact Us
  • Jobs

© 2024 All rights Reserved by OrissaPOST

    • News in Odia
    • Orissa POST Epaper
    • Video
    • Home
    • Trending
    • Metro
    • State
    • Odisha Special
    • National
    • International
    • Sports
    • Business
    • Editorial
    • Entertainment
    • Horoscope
    • Careers
    • Feature
    • Today’s Pic
    • Opinion
    • Sci-Tech
    • About Us
    • Contact Us
    • Jobs

    © 2024 All rights Reserved by OrissaPOST