US supports waiver of intellectual property protection for COVID-19 vaccines

US supports waiver of intellectual property protection for COVID-19 vaccines

Lokmat

US President Joe Biden's administration on Wednesday (local time) announced its support for a global waiver on patent protections for COVID-19 vaccines and said it will negotiate the terms at the World Trade Organisation (WTO).

"These extraordinary times and circumstances of call for extraordinary measures. The US supports the waiver of IP protections on COVID-19 vaccines to help end the pandemic and we'll actively participate in @WTO negotiations to make that happen," US Trade Representative Katherine Tai said in a tweet.

This comes as India, South Africa, and other nations had requested to waive certain portions of the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) for all members of the WTO.

The requested waiver was to provide many people with possible access to vaccines and treatments for COVID-19, including in developing countries.

Disclaimer: This is an automatically aggregated article/story by a computer program and has not been created or edited by Newsdig.in.

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