BR100 Increased By (0.01%)
BR30 Decreased By (-1.15%)
KSE100 Increased By (0.09%)
KSE30 Decreased By (-0.05%)
AGHA 6.02 Decreased By ▼ -0.03 (-0.5%)
BECO 3.81 Decreased By ▼ -0.02 (-0.52%)
BML 56.44 Decreased By ▼ -1.89 (-3.24%)
BOP 28.10 Decreased By ▼ -0.25 (-0.88%)
CNERGY 12.28 Decreased By ▼ -1.36 (-9.97%)
CSIL 5.29 Increased By ▲ 0.08 (1.54%)
FCCL 53.81 Increased By ▲ 1.53 (2.93%)
FFL 12.80 Decreased By ▼ -0.10 (-0.78%)
FNEL 1.12 Decreased By ▼ -0.01 (-0.88%)
KEL 5.64 Decreased By ▼ -0.15 (-2.59%)
KOSM 5.38 Decreased By ▼ -0.13 (-2.36%)
LOTCHEM 23.55 Decreased By ▼ -0.34 (-1.42%)
MLCF 91.96 Increased By ▲ 1.45 (1.6%)
NBP 162.24 Increased By ▲ 2.52 (1.58%)
NCPL 48.91 Decreased By ▼ -0.69 (-1.39%)
NPL 50.51 Decreased By ▼ -1.29 (-2.49%)
OGDC 301.68 Decreased By ▼ -5.10 (-1.66%)
PACE 9.13 Decreased By ▼ -0.02 (-0.22%)
PAEL 31.81 Decreased By ▼ -0.52 (-1.61%)
PIBTL 12.78 Decreased By ▼ -0.15 (-1.16%)
PPL 212.06 Decreased By ▼ -1.87 (-0.87%)
PRL 87.26 Decreased By ▼ -9.70 (-10%)
PTC 43.96 Decreased By ▼ -1.23 (-2.72%)
SSGC 22.86 Increased By ▲ 0.33 (1.46%)
TBL 8.91 Decreased By ▼ -0.11 (-1.22%)
TELE 6.44 Decreased By ▼ -0.28 (-4.17%)
TPL 24.09 Decreased By ▼ -1.82 (-7.02%)
TPLP 12.16 Decreased By ▼ -0.44 (-3.49%)
TREET 23.50 Increased By ▲ 0.04 (0.17%)
TRG 51.87 Decreased By ▼ -0.09 (-0.17%)
World

Vaccine patent waiver will not be enough: WTO chief

  • US President Joe Biden said last week he supported the waiver idea, but the European Union and other developed country opponents said it will not increase output.
  • "To have solved the unacceptable problem of inequity of access to vaccines, we have to be holistic. It's not one or the other," she said, adding this could not drag out for years.
Published Updated
By

BRUSSELS: Waiving intellectual property rights for COVID-19 vaccines will not be enough to narrow the huge supply gap between rich and poor countries, the head of the World Trade Organization said on Thursday.

South Africa and India have urged fellow WTO members to waive IP rights on vaccines to boost production. Poorer countries that make up half the world's population have received just 17% of doses, a situation the World Health Organization head has labelled "vaccine apartheid".

US President Joe Biden said last week he supported the waiver idea, but the European Union and other developed country opponents said it will not increase output.

Speaking to the European Parliament on Thursday, WTO director-general Ngozi Okonjo-Iweala said it was clear that an IP waiver alone would not be enough.

"To have solved the unacceptable problem of inequity of access to vaccines, we have to be holistic. It's not one or the other," she said, adding this could not drag out for years.

The European Commission outlined a plan on Wednesday it sees as a more effective way of boosting output, using existing WTO rules, rather than a waiver. It notes countries can grant licences to manufacturers to produce with or without the patent-holder's consent.

Bolivia signed a deal last week with a Canadian company Biolyse Pharma Corp to produce the Johnson & Johnson vaccine, which would require Biolyse to secure authorisation from Johnson & Johnson or a "compulsory licence" from Canada.

Okonjo-Iweala said developing countries had complained the licencing process was cumbersome and should be improved.

Manufacturers should work to expand production, she said, pointing to idle capacity in Pakistan, Bangladesh, Indonesia, Thailand, Senegal, South Africa.

There also needed to be a transfer of technology and know-how, with vaccines often harder to produce than drugs.

"I'm convinced that we can agree a text that gives developing countries that kind of access and flexibility, whilst protecting research and innovation," she said.

Comments

Comments are closed for this article.