New Delhi: WTO Chief Ngozi Okonjo-Iweala has urged the proponents of the proposal for temporary waiver of certain provisions of TRIPS agreement for prevention and treatment of COVID-19 to submit the revised document "as soon as possible" so that text-based negotiations can begin.
Welcoming the statement of US Trade Representative Katherine Tai on the issue, the Director General of the World Trade Organisation (WTO) has said she "warmly" welcomes Tai's willingness to engage with proponents of a temporary waiver of the TRIPS agreement to help in combating the COVID-19 pandemic.
In October 2020, India and South Africa submitted a proposal suggesting a waiver for all World Trade Organization (WTO) members on the implementation of certain provisions of the agreement in relation to the prevention, containment or treatment of COVID-19.
The proposed relaxations in the norms of the agreement are aimed at ensuring quick and affordable access to vaccines and medicines for developing countries.
The agreement on Trade-Related Aspects of Intellectual Property Rights or TRIPS came into effect in January 1995.
Read More:US announces support for COVID-19 vaccine patent waiver as proposed by India
It is a multilateral agreement on intellectual property (IP) rights such as copyright, industrial designs, patents and protection of undisclosed information or trade secrets.
"I am pleased that the proponents are preparing a revision to their proposal and I urge them to put this on the table as soon as possible so that text-based negotiations can commence," Okonjo-Iweala has said in a statement.
It is only by sitting down together that the member countries of the WTO will find a pragmatic way forward which would be acceptable to all members and which would enhance developing countries' access to vaccines while protecting and sustaining the research and innovation so vital to the production of these life-saving vaccines.