Main negotiators reach 'outcome' on COVID-19 vaccine IP waiver – WTO

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Main negotiators reach 'outcome' on COVID-19 vaccine IP waiver – WTO
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World Trade Organization Director-General Ngozi Okonjo-Iweala has been working for months to broker a compromise between the United States, the European Union, India, and South Africa.

negotiations on an intellectual property waiver for COVID-19 vaccines

WTO Director-General Ngozi Okonjo-Iweala, who has made vaccine equity her top priority since taking office in 2021, has been working for months tobetween the United States, the European Union, India, and South Africa to break an 18-month-long impasse. The document showed that there were still unresolved areas in the draft deal, including on the duration of the waiver’s application which could be either three or five years.

All 164 members of the WTO must accept the deal by consensus for it to pass and the topic will be raised at a closed-door meeting in Geneva on Friday, May 6. One delegate said it would be critical that the main four parties vocalize strong backing publicly in order to convince others. “If not, doubts will linger and other members stay hesitant,” he said.

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