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  • Piyush Goyal says...

Piyush Goyal says TRIPS waiver agreed in WTO to help developing countries make COVID vaccines

Ruchika SharmaWritten by Ruchika Sharma Published On 2022-06-21T13:18:07+05:30  |  Updated On 21 Jun 2022 1:18 PM IST
Piyush Goyal says TRIPS waiver agreed in WTO to help developing countries make COVID vaccines
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New Delhi: Commerce and industry minister Piyush Goyal on Monday said intellectual property rights (TRIPS) waiver for five years agreed in the recently concluded WTO meet will help developing countries manufacture patented Covid vaccines to deal with the pandemic. Goyal said that India already has a number of Covid vaccines and can help other developing countries to make vaccines.

Members of the World Trade Organisation (WTO) last week agreed to grant a temporary patent waiver for manufacturing COVID-19 vaccines for five years.
Under this, a country will be able to issue a compulsory licence to its domestic pharma firms to make that vaccine without taking approval from the original maker. Besides, it was also decided to permit export of those vaccines.
However, talks on including therapeutics and diagnostics, as proposed by India and South Africa, under the purview of this waiver would start after six months.
"We have sufficient types of vaccines... So for the current strains of COVID-19, we do not need this TRIPS waiver. We have supported it more for the other developing countries to manufacture vaccines," he told reporters here.
He added that India has also offered to many developing countries that if they want vaccine production in their country, Indian pharma firms are "ready, willing and happy" to support them to set up units.
"In the future, when diagnostics and therapeutics come in (under the patent waiver purview)...we can use this TRIPS waiver to start manufacturing it with their (foreign company having patent) technologies in India," he said.
On agriculture and fisheries subsides, the minister said that India has fully protected the interests of farmers and fishermen.
"We did not come under any pressure..We are known as deal makers and not deal breakers...We stick to our issues...Indian farmers are fully protected," he added.
On agriculture, he said that no questions would be asked on India's public stock holdings, procurement through minimum support price and support given to farmers.
However, several of the issues, including India's demands for finding a permanent solution to the issue of public stock holding for food security purposes and permitting government-to-government sale of food grains from FCI (Food Corporation of India) stocks could not be addressed.
Read also: COVID vaccine patents accord between rich, developing nations possible in weeks: WTO
Piyush Goyalintellectual property rightsTRIPSWTOpatented Covid vaccinesCOVID19coronavirusWorld Trade OrganisationTRIPS waivercoronavirus vaccine
Source : PTI
Ruchika Sharma
Ruchika Sharma

    Ruchika Sharma joined Medical Dialogue as an Correspondent for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751

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