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Article

18 May 2021

Author:
Business Today

China supports TRIPS waiver on COVID-19 vaccines proposed by India, South Africa

China, which is actively pursuing vaccine diplomacy, said on Monday that it is "supportive" of India and South Africa's proposal for a temporary waiver of Trade-Related Aspects of Intellectual Property Rights (TRIPS) for coronavirus vaccines, asserting that Beijing will back all actions that are conducive to the developing countries' fight against the pandemic.

India and South Africa called for TRIPS waiver of certain intellectual property provisions of COVID-19 vaccines in a communication to the World Trade Organization (WTO) in October last year so that people in developing countries get access to life-saving vaccines and therapeutics as soon as possible.

Since then, the proposal started gathering support even in the US and the European Union. Early this month, WTO Director-General Ngozi Okonjo-Iweala appealed to the member countries to quickly present and negotiate a text that could temporarily ease trade rules that protect COVID-19 vaccine technology, considering the urgency...

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