G20 business meeting: India is likely to renew its argument in favor of an IPR exemption for Covid-19 vaccines and drugs
India will likely launch a new call for a temporary waiver of intellectual property rights obligations for equitable distribution of Covid-19 vaccines and drugs around the world at the G20 Trade Ministers’ meeting in Italy from October 10 to 12 in Geneva, Switzerland.
Trade Minister Piyush Goyal is expected to present the country’s perspective on post-pandemic recovery, vaccine and drug distribution around the world, the upcoming WTO Ministerial Conference (MC12) and sustainable development measures on Oct. 12, said officials monitoring the case. Activity area.
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New Delhi is also expected to highlight its perspectives on world trade, the next WTO CM12 in Geneva and the treatment of Covid-19 at the meeting of the Organization for Economic Co-operation and Development (OECD) in Paris this week, officials added.
The meeting of trade ministers of the G20 countries – European Union, Argentina, Australia, Brazil, Canada, China, Germany, France, India, Indonesia, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, Korea South, Turkey, the UK and the US – should help set the tone on important multilateral issues.
“Problems that may arise include equity in vaccines, building strong value chains to help post-pandemic economies recover, and setting the agenda for the WTO MC12 of the month. next, ”the official said.
A proposal presented by India and South Africa last October to the WTO on the temporary waiver of TRIP standards for Covid-19 vaccines and other related medical products during the pandemic received broad support from the share of a number of developing countries. While developed countries such as the United States have subsequently declared their support for the vaccine waiver, no concrete steps have been taken in this direction.
The OECD and G20 meetings are expected to discuss the agenda for the WTO MC12 scheduled for November 30 to December 3 and India’s intervention would be important.
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“There are attempts at the WTO to reach agreement on the elimination of fisheries subsidies and the discipline of domestic subsidies in agriculture before or at MC12. India has advocated for an exception for its vulnerable small-scale fishermen. He also argued that developed countries need to get rid of their huge domestic agricultural support before developing countries make more commitments. He must reiterate these points in all forums, including the OECD and the G20, ”the official said.