Main negotiators reach 'outcome' on Covid vaccine IP waiver, WTO says
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard

Sunday
June 26, 2022

Sign In
Subscribe
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
SUNDAY, JUNE 26, 2022
Main negotiators reach 'outcome' on Covid vaccine IP waiver, WTO says

Coronavirus chronicle

Reuters
04 May, 2022, 08:50 am
Last modified: 04 May, 2022, 09:05 am

Related News

  • India’s new Covid cases top 13K-mark, biggest spike in over 120 days
  • Daily Covid cases cross 1000-mark after four months
  • Dipu Moni tests positive for Covid
  • Early Omicron infection unlikely to protect against current variants
  • Karan Johar reacts to reports calling his birthday bash Covid 19 super spreader

Main negotiators reach 'outcome' on Covid vaccine IP waiver, WTO says

Reuters
04 May, 2022, 08:50 am
Last modified: 04 May, 2022, 09:05 am
Main negotiators reach 'outcome' on Covid vaccine IP waiver, WTO says

The four main parties to negotiations on an intellectual property waiver for Covid-19 vaccines have prepared an "outcome document" for approval by the broader membership, the WTO said on Tuesday, with its chief hoping for a final deal by June.

WTO director-general Ngozi Okonjo-Iweala, who has made vaccine equity her top priority since taking office in 2021, has been working for months to broker a compromise between the United States, the European Union, India and South Africa to break an 18-month-long impasse.

"What the discussions were aiming at was coming up with something workable," Okonjo-Iweala told Reuters, saying she hoped the WTO's 164 members would finalise and approve the proposal by a major conference in June. "This will advance the discussion and dialogue. For the next pandemic or a flare up of this one, this is hugely important," she said.

The document showed that there were still unresolved areas in the draft deal, including on the duration of the waiver's application which could be either three or five years.

Okonjo-Iweala said recent negotiations had focused on getting broader support for the proposal, including from China. She said Beijing had indicated it was "favourably disposed" to being considered as a developed country in this deal and thus subject to stricter rules. The Chinese mission to the WTO in Geneva did not immediately respond to a request for comment.

All 164 members of the WTO must accept the deal by consensus for it to pass and the topic will be raised at a closed-door meeting on Friday. One delegate said it would be critical that the main four parties vocalise strong backing publicly in order to convince others. "If not, doubts will linger and other members stay hesitant," he said.

In past sessions, the United Kingdom and Switzerland -- which have opposed a broad waiver on the grounds that it stifles pharmaceutical research -- have complained of the lack of transparency in the four-party talks.

Medical charity MSF urged countries to reject the proposal.

"It does not provide a meaningful solution to facilitate increasing people's access to needed medical tools during the pandemic...and in fact would set a negative precedent for future global health challenges," it said.

Top News / World+Biz

Covid-19 Vaccination / covid-19 vaccine / Covid -19 / Coroanvirus

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Photo: PMO Press Wing
    PM salutes people, opens Padma Bridge
  • Photo: PMO Press Wing
    Her moment of glory, our moment of pride
  • PM Hasina invites US President Joe Biden to visit Bangladesh
    PM Hasina invites US President Joe Biden to visit Bangladesh

MOST VIEWED

  • A healthcare worker collects the nasal sample of a policeman for Covid testing in Jammu on Wednesday. (ANI Photo)
    India’s daily Covid tally declines with 15,940 cases, 20 new deaths added
  • A medical worker takes a swab sample from a person for a nucleic acid test at a makeshift testing site, amid the coronavirus disease (Covid-19) outbreak, in Beijing, China May 23, 2022. REUTERS/Tingshu Wang
    Beijing says will reopen primary, secondary schools as Covid cases recede
  • Anthony Fauci  Photo: Collected
    Top US medical expert Fauci says he is 'example' for Covid-19 vaccinations
  • An observation room in a Covid-19 vaccination center at a municipal hospital in Pune, in May 2021.
Photographer: Dhiraj Singh/Bloomberg
    India records 17,336 new coronavirus cases, a four-month high
  • Gaming machines are seen at the casino of MGM Cotai in Macau, China February 13, 2018/ Reuters
    Macau extends Covid shutdown of city, casinos stay open
  • Illustration: Collected
    Omicron sub variant dominant in Bangladesh since May : Report

Related News

  • India’s new Covid cases top 13K-mark, biggest spike in over 120 days
  • Daily Covid cases cross 1000-mark after four months
  • Dipu Moni tests positive for Covid
  • Early Omicron infection unlikely to protect against current variants
  • Karan Johar reacts to reports calling his birthday bash Covid 19 super spreader

Features

Photo: TBS

A dream dreamt and then delivered

4h | Panorama
In pictures: 2022 Dhaka Motor Show

In pictures: 2022 Dhaka Motor Show

16h | Wheels
Our team full of hope and mettle, before we entered the disaster zone. PHOTO: SWAMIM AHMED

How we survived 4 days in Sunamganj flood

1d | Panorama
Photo: Bipul Sarker Sunny

Immigrants or refugees: Who really are the Maldoiyas?

1d | Features

More Videos from TBS

Building Padma Bridge a perfect reply to conspirators, says PM Sheikh Hasina

Building Padma Bridge a perfect reply to conspirators, says PM Sheikh Hasina

4h | Videos
Grand opening of Padma Bridge with colorful airshow and festival

Grand opening of Padma Bridge with colorful airshow and festival

4h | Videos
Man travelling barefoot for 47 years walks on Padma Bridge

Man travelling barefoot for 47 years walks on Padma Bridge

4h | Videos
Padma Bridge inauguration draws huge crowd

Padma Bridge inauguration draws huge crowd

9h | Videos

Most Read

1
Photo: Prime Minister's Office
Bangladesh

New investment in transports as Padma Bridge set to open

2
Japan cancels financing Matarbari coal project phase 2
Bangladesh

Japan cancels financing Matarbari coal project phase 2

3
Desco wanted to make a bold statement with their new head office building, a physical entity that would be a corporate icon. Photo: Courtesy
Habitat

Desco head office: When commitment to community and environment inspires architecture

4
Photo: TBS
Infrastructure

Gains from Padma Bridge to cross $10b, hope experts

5
20 businesses get nod for $326m foreign loan for expansion
Economy

20 businesses get nod for $326m foreign loan for expansion

6
Multiple robbery incidents reported in flood stranded Sylhet and Sunamganj
Bangladesh

Multiple robbery incidents reported in flood stranded Sylhet and Sunamganj

EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2022
The Business Standard All rights reserved
Technical Partner: RSI Lab
BENEATH THE SURFACE
Cattle graze on the bank of the River Padma at Paschim Painpara near Jajira end of the Padma Bridge. Photo: Mumit M

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net