- Eu set up that Proposal to limit export restrictions, increasing production better options
- Text-based negotiations on India-South Africa’s proposal for a temporary waiver of intellectual property (IP) provisions for Covid-19 related vaccines and medical products have been kept on hold at WTO
- Eu has strong opposition against this and has indicated that its own suggestion of limiting export restrictions and supporting production is a better alternative to address supply concerns.
- TRIPS Council meeting, South Africa and India have a proposal.
- The joint proposal suggested a temporary waiver of some TRIPS obligations for the Covid-19 vaccine and other health products and technologies for the prevention, treatment, or containment of the virus for three years.
- A large number of developing countries and LDCs. supported this but while developed countries such as the US, Australia, and New Zealand finally came on board this month and supported text-based negotiations on the issue
- EU did not mince words in opposing their proposal, saying that the broad waiver proposed by them was not the right response to the pandemic, and said would announce a more elaborate proposal soon.
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