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The WTO Director General Okonjo-Iweala welcomes the breakthrough in the release of the COVID-19 vaccine


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Director General of the World Trade Organization Ngozi Okonjo-Iweala today warmly welcomed the breakthrough among four WTO Members regarding the waiver of Trade-related Intellectual Property agreements for the production of vaccines against the COVID-19 pandemic.

“This is a huge step forward and this compromise is the result of many long and difficult negotiations. But we’re not there yet. We have more work to do to ensure that we have the support of all WTO Members,” said the Director-General.

While an agreement between the European Union, India, South Africa and the United States is an essential element to any final agreement, he warned that not all details of the compromise had been finalized and that internal domestic consultations within the four members were still ongoing. ongoing. In addition, he stressed that work should begin immediately to expand the discussions to include all 164 WTO members.

“At the WTO we decided by consensus, and this has not been achieved. My team and I have been working hard over the last three months and we are ready to roll up our sleeves again to work with TRIPS Council Ambassador Lansana Gberie (Sierra Leone) to bring about a full deal as quickly as possible. We thank the four Members for the hard work they have done so far,” said Dr. Okonjo-Iweala.

Distributed by the APO Group on behalf of the World Trade Organization (WTO).

This Press Release has been issued by APO. Content is not monitored by the Business Africa editorial team and is not content that has been vetted or validated by our editorial team, evidence readers or fact checkers. The publisher is fully responsible for the contents of this announcement.

The WTO Director General Okonjo-Iweala welcomes the breakthrough in the release of the COVID-19 vaccine

Source link The WTO Director General Okonjo-Iweala welcomes the breakthrough in the release of the COVID-19 vaccine

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