US NEWS: The US announces support for Covid-19 vaccine patent waiver

US President Joe Biden’s administration on Wednesday announced its support for a world waiver on patent protections for Covid-19 vaccines and can negotiate the terms at the WTO.

While holding rights for businesses are important, Washington “supports the waiver of these protections for Covid-19 vaccines,” US Trade Representative Katherine Tai said in a very statement.

“This could be a global health crisis, and also the extraordinary circumstances of the Covid-19 pandemic require extraordinary measures,” she added.

Biden had been under intense pressure from world leaders to comply with waive protections for vaccine manufacturers to work up to production and acquire the jabs bent more countries as rich nations have swept up the bulk of the doses.

Tai said u. s. will participate in the negotiations within the globe Trade Organization but cautioned that discussions “will take time given the consensus-based nature of the institution and also the complexity of the problems involved.”

The global trade body has for months been facing calls led by India and the Republic of South Africa to temporarily remove the material possession protections on Covid-19 vaccines, in a very move proponents say would help boost production in developing countries that to date have received far fewer jabs.

But that notion has up to now met fierce opposition from pharmaceutical giants and their host countries, which insist the patents aren’t the most roadblocks to scaling up production and warn the move could hamper innovation.

WTO chief Ngozi Okonjo-Iweala has been pressing for a world agreement to produce a minimum of a brief patent waiver.

“We have to have a way of urgency on how we approach this issue of response to Covid-19 because the planet is watching,” she said earlier Wednesday, describing equitable access to the tools to fight the pandemic because the “moral and economic issue of our time.”

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