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India, South Africa to review IP waiver proposal at WTO as US, EU refuse to comply.
May 04, 2021

With the pandemic continuing to affect human lives, South Africa, India and other co-sponsors, who had demanded a temporary waiver of the intellectual property (IP) provisions on medical products at the WTO, have said that they are ready to review their proposal in order to find a 'common ground' with nations opposing it.
At the TRIPS (Trade Related Intellectual Property Rights) Council meeting on April 30, the WTO members agreed to continue consideration of the IP waiver and asked the Chair to report to the General Council on this decision at its next meeting on May 5-6, a Geneva-based trade official told BusinessLine. 'The co-sponsors did not share the details of the kind of revision, its scope or nature, but they said that they will immediately start engaging with other members, including those opposing the waiver to advance discussions. They want to find a solution as soon as possible as it is vital that all impediments to the smooth flow of medicines and critical equipment are removed,' the official said.

Business Line