STOCK MARKET BSE NSE

EU Parliament to support proposal at WTO seeking IPR waiver on COVID vaccine

The resolution comes weeks after US President Joe Biden announced that his government would support the proposal at the WTO.

Published: 23rd May 2021 10:53 AM  |   Last Updated: 23rd May 2021 10:53 AM   |  A+A-

US President Joe Biden

US President Joe Biden (Photo | AP)

NEW DELHI: The European Parliament has passed a resolution to extend support to the India-South Africa proposal at the WTO, seeking a waiver of Intellectual Property Rights (IPR) on Covid -19 vaccines. “EU to set up a clear and coherent EU global COVID-19 vaccination strategy and therefore to support the Indian and South African World Trade Organization initiative for a temporary waiver on intellectual property rights for COVID-19 vaccines, equipment, and treatments while urging pharmaceutical companies to share their knowledge and data through the World Health Organization COVID-19 Technology Access Pool (C-TAP),” the resolution stated.

The resolution comes weeks after US President Joe Biden announced that his government would support the proposal at the WTO.

It is likely that the proposal would be taken up at the European Parliament during its session between June 7 and 10. In October 2020, India and South Africa had jointly initiated the proposal at WTO, but met with resistance from the West.

The US’ approval for the proposal triggered support from other quarters. In March, a group of Members of European Parliament (MEPs) had urged the European Commission, the highest decision making body of the EU, to support the proposal.

The issue was discussed during the India-EU Summit on May 8 with Prime Minister Narendra Modi urging the EU to support the joint India-South Africa proposal.

European Commission president Ursula von der Leyen had also said that the issue was an important one and should be taken up open for discussion. India and the EU are major centres of vaccine manufacturing.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp