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Battle over vaccine patents dominates WTO summit

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Battle over vaccine patents dominates WTO summit

Geneva, Jun 13 (Prensa Latina) Ministers of the World Trade Organization (WTO) waged a battle over vaccine patents against Covid-19 as the centerpiece of a meeting with many difficulties.

The debate centers on releasing these licenses to turn the page on the mistakes made during the pandemic.

WTO Director-General Ngozi Okonjo-Iweala has made this issue a priority since her arrival at the helm of the organization.

At the 12th WTO Ministerial Meeting, which will conclude next Wednesday in this Swiss city, two texts are being debated, the first on facilitating the circulation of the components and products needed to fight this and future pandemics and the second on allowing the temporary release of vaccine patents.

More than two years after the discovery of the SARS-CoV-2 virus, which caused Covid-19, vaccination rates are still insufficient in poor countries, especially in Africa.

The 12th WTO Ministerial Conference opened on Sunday amid a backdrop of global difficulties and geopolitical tensions.

On its list of discussions is the exemption from the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) for the aforementioned vaccines, pandemic response, subsidies for fisheries, agriculture, and food security.

Another issue is the reform of the WTO and its future work priorities.

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