Backers of WTO vaccine waiver ask opponents to join talks - document | The Business Standard
Skip to main content
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Tuesday
June 03, 2025

Sign In
Subscribe
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
TUESDAY, JUNE 03, 2025
Backers of WTO vaccine waiver ask opponents to join talks - document

World+Biz

Reuters
17 May, 2021, 09:50 pm
Last modified: 17 May, 2021, 09:51 pm

Related News

  • Bangladesh can expand exports to US amid Trump’s tariff hike: WTO
  • Trump tariff could lead to contraction of global merchandise trade volumes by 1% this year: WTO chief
  • Exclusive: US pauses financial contributions to WTO, trade sources say
  • WTO report examines AI's impact on global trade
  • Unlocking global e-commerce opportunities for Bangladeshi women at the WTO

Backers of WTO vaccine waiver ask opponents to join talks - document

Talks at the WTO on temporarily waiving IP rights have been deadlocked for months, but US President Joe Biden's decision earlier this month to back talks for a waiver has raised hopes that the few remaining wealthy-country opponents could also switch camps

Reuters
17 May, 2021, 09:50 pm
Last modified: 17 May, 2021, 09:51 pm
The World Trade Organization headquarters (WTO) in Geneva, Switzerland, March 4, 2021. File Photo: REUTERS/Denis Balibouse
The World Trade Organization headquarters (WTO) in Geneva, Switzerland, March 4, 2021. File Photo: REUTERS/Denis Balibouse

Supporters of a proposal to waive patent rights on Covid-19 vaccines at the World Trade Organization are set to call on opponents to join the negotiations, stressing the gravity of the pandemic, a draft document showed on Monday.

Talks at the WTO on temporarily waiving IP rights have been deadlocked for months, but US President Joe Biden's decision earlier this month to back talks for a waiver has raised hopes that the few remaining wealthy-country opponents could also switch camps.

The EU has since backed a US proposal to discuss waiving patent protections, although Switzerland said it left many questions unanswered.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

"The cosponsors call on all delegations who have not yet indicated that they will join text-based discussions, to do so as soon as possible," the 62 proponents of the waiver, including India and South Africa that initially floated the proposal, said in a co-authored draft statement.

"Continuous mutations and emergence of new variants of SARS-COV-2 highlight the significant uncertainties and complexities of controlling SARS-COV-2 and underscore the urgency of this proposal," they said.

"A failure to respond in a timely manner on the waiver proposal undermines the legitimacy and credibility of the WTO."

India's and South Africa's original waiver proposal last October argued that IP rules are hindering the scale-up of Covid-19 vaccine production.

Critics, including large pharmaceuticals industry groups as well as Pfizer that makes a Covid-19 vaccine, say an IP waiver will not immediately increase vaccine production and that the current supply issues are more complex.

Pfizer has said any waiver could disrupt the flow of raw materials.

The statement from proponents seen by Reuters said that a new proposal would be issued soon to clarify its scope and the time period of its application.

However, experts have warned that getting agreement at the WTO, which typically operates through consensus, could still take months even with US backing.

The next formal TRIPS council meeting at the WTO is scheduled for June 8.

Coronavirus chronicle

WTO / covid-19 vaccine

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

  • Representational image/Reuters
    Overall balance of payment deficit shrinks nearly $5b in July-Apr FY25
  • Representational Photo: Collected
    Exports rebound in May with 11.45% YoY growth, highest in 11 months
  • Salahuddin speaking to reporters after talks with the National Consensus Commission at the Foreign Service Academy on 3 June. Photo: TBS
    BNP wants only national election under 90-day caretaker govt: Salahuddin

MOST VIEWED

  • Advance tax on bus, truck, taxi to rise by up to 88%
    Advance tax on bus, truck, taxi to rise by up to 88%
  • Illustration: Duniya Jahan/TBS
    How Tk5 lakh tax exemption can be availed by salaried individuals
  • 17 makeshift cattle markets leased in Dhaka for Eid: Who gets the most
    17 makeshift cattle markets leased in Dhaka for Eid: Who gets the most
  • Representational image. File photo: Collected
    Primary education to see funding cut, madrasah budget to rise
  • Budget FY26: Housing sector may take a hit, flat prices set to rise
    Budget FY26: Housing sector may take a hit, flat prices set to rise
  • Illustration: Duniya Jahan/TBS
    Interim govt unveils national budget of Tk7.90 lakh crore for FY2025-26; first budget cut in history

Related News

  • Bangladesh can expand exports to US amid Trump’s tariff hike: WTO
  • Trump tariff could lead to contraction of global merchandise trade volumes by 1% this year: WTO chief
  • Exclusive: US pauses financial contributions to WTO, trade sources say
  • WTO report examines AI's impact on global trade
  • Unlocking global e-commerce opportunities for Bangladeshi women at the WTO

Features

Illustration: TBS

The GOAT of all goats!

20h | Magazine
Photo: Nayem Ali

Eid-ul-Adha cattle markets

20h | Magazine
Sketch: TBS

Budget FY26: What corporate Bangladesh expects

1d | Budget
The customers in super shops are carrying their purchases in alternative bags or free paper bags. Photo: Mehedi Hasan

Super shops leading the way in polythene ban implementation

1d | Panorama

More Videos from TBS

Signs of strain in India-Canada relations

Signs of strain in India-Canada relations

43m | TBS World
What police are doing to reduce sufferings on road and to ensure safety

What police are doing to reduce sufferings on road and to ensure safety

1h | Podcast
The major trade agreements are in the final stages: White House

The major trade agreements are in the final stages: White House

2h | TBS World
The China-United States trade war is about to intensify once again.

The China-United States trade war is about to intensify once again.

2h | TBS World
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

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