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US trade directors say COVID-19 recovery depends on addressing global vaccine inequity-SABC News

U.S. Trade Representative Katherine Tai said on Tuesday (May 4) that the vaccine needs to be made more widely available worldwide to end the coronavirus pandemic and accelerate economic recovery. Stated.

In a statement to the American Council, Thailand said the world has made real progress towards the end of the pandemic, but much work is ahead.

“This includes making vaccines widely available and addressing global inequities in access to vaccines,” she said. “This is not just a public health requirement. Our economic recovery depends on it.”

Thailand will discuss a request from developing countries to abandon the World Trade Organization’s intellectual property rights to the coronavirus vaccine at the WTO General Assembly later this week.

She recently met with the CEOs of major vaccine manufacturers to discuss exemption proposals and ways to promote vaccine production and distribution. ..

White House Chief of Staff Ron Klain said on Sunday that Thailand “will begin discussions on how to distribute this vaccine more widely, license it more widely and share it more widely,” details will be provided in the coming days. Added.

The Liberal Democratic Party of Parliament has pressured President Joe Biden’s administration to support the waiver of vaccine intellectual property, arguing that it will help save lives and prioritize people over the interests of pharmaceutical companies. ..

However, the pharmaceutical industry opposes setting a precedent where the proposed exemptions are too broad to undermine incentives to develop future vaccines.

Twelve Republican Houses of Representatives sent a letter to Thailand on Tuesday urging them to “continue to oppose” the waiver of intellectual property rights, arguing that they would not significantly improve vaccine availability.

“The range of exemptions required is unreasonable overboard, given the economic harm it causes and the negligible benefits it brings,” said a member of the House Judiciary Committee, senior Republican Darrell Issa. wrote.

US trade directors say COVID-19 recovery depends on addressing global vaccine inequity-SABC News

Source link US trade directors say COVID-19 recovery depends on addressing global vaccine inequity-SABC News

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