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

Monday
June 02, 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
MONDAY, JUNE 02, 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

  • Cartoon: TBS
    A budget meant to fix, not to dream
  • Bangladesh can be a first choice for our investment: Chinese business leaders 
    Bangladesh can be a first choice for our investment: Chinese business leaders 
  • Atik Morshed. Photo: Collected
    ACC finds irregularities in Nagad; Atik Morshed, his wife may be questioned

MOST VIEWED

  • Infographic: TBS
    Govt targets Dec opening of Dhaka airport's 3rd terminal but Japanese consortium wants 2 more months
  • Infograph: TBS
    Low imports, low confidence, low growth: Is Bangladesh in a slow-burning crisis?
  • Representational image. Photo: Reuters
    Remittance hits second-highest monthly record of $2.97b in May ahead of Eid
  • Budget may offer major tax breaks for capital market
    Budget may offer major tax breaks for capital market
  • Teesta River overflowing at one of its gates on 1 June 2025. Photo: UNB
    44 gates opened as water levels in Teesta rise
  • Infographic: TBS
    Jobs drying up as private sector struggles to survive

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

Photo: Collected

Slice, store, sizzle: Kitchen must-haves for Eid-ul-Adha 2025

16h | Brands
The wide fenders, iconic hood scoop and unmistakable spoiler are not just cosmetic; they symbolise a machine built to grip dirt, asphalt and hearts alike. PHOTO: Akif Hamid

Resurrecting the Hawkeye: A Subaru WRX STI rebuild

22h | Wheels
Babar Ali, Ikramul Hasan Shakil, and Wasfia Nazreen are leading a bold resurgence in Bangladeshi mountaineering, scaling eight-thousanders like Everest, Annapurna I, and K2. Photos: Collected

Back to 8000 metres: How Bangladesh’s mountaineers emerged from a decade-long pause

2d | Panorama
Photos: Courtesy

Behind the looks: Bangladeshi designers shaping celebrity fashion

2d | Mode

More Videos from TBS

Can India replace China in world trade?

Can India replace China in world trade?

8h | Others
Chief Advisor–Party Meet: Consensus or Confrontation?

Chief Advisor–Party Meet: Consensus or Confrontation?

10h | Podcast
What did the BIDA Executive Chairman say about the China-Bangladesh Investment and Trade Summit?

What did the BIDA Executive Chairman say about the China-Bangladesh Investment and Trade Summit?

10h | TBS Today
News of The Day, 01 JUNE 2025

News of The Day, 01 JUNE 2025

11h | TBS News of the day
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