Efforts need to be stepped up to get patent exemption at WTO for Covid tests, treatments – Piyush Goyal

In June last year, members of the World Trade Organization (WTO) agreed to grant temporary patent exemptions for the development of the Covid-19 vaccine for five years.

Union Minister Piyush Goyal

Image credit source: PTI

Commerce and Industry Minister Dr Piyush Goyal He said on Friday for investigation and treatment to combat the Covid-19 pandemic wto Efforts to obtain patent exemptions need to be increased. World Trade Organization (WTO) member for five years in June last year COVID-19 A temporary patent exemption was agreed upon for the manufacture of the vaccine. Six months later, India and South Africa agreed to start negotiations on the scope of these waivers, including testing and treatment.

Goyal also said that there is no need to politicize the global supply of essential medicines. He said India, South Africa and other developing countries have worked together to get a TRIPS (Trade-Related Aspects of Intellectual Property Rights) exemption at the WTO Ministerial Conference to be held in Geneva in June 2022. This will help achieve equitable and affordable access to vaccines. “We will redouble our efforts at the WTO to secure a TRIPS exemption for COVID-19 testing and treatment,” the minister said at a session of the Voices of the Global South Digital Summit.

The ‘Global South’ broadly refers to the developing countries of Asia, Africa and South America. “We need to build new partnerships and mechanisms so that the voices of the ‘Global South’ are heard when decisions are made,” he said. On strengthening trade ties, the minister said that India is ready to enter into preferential trade agreements with countries of the ‘Global South’ to take advantage of the significant trade potential.

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