The China Mail - WTO seeks shot in the arm with Covid jab IP idea

USD -
AED 3.673042
AFN 71.007121
ALL 87.177673
AMD 389.933212
ANG 1.80229
AOA 917.000367
ARS 1175.525233
AUD 1.55135
AWG 1.8
AZN 1.70397
BAM 1.730107
BBD 2.023884
BDT 121.783361
BGN 1.730107
BHD 0.376664
BIF 2981.556018
BMD 1
BND 1.300632
BOB 6.926445
BRL 5.656604
BSD 1.002344
BTN 84.711398
BWP 13.647662
BYN 3.280375
BYR 19600
BZD 2.013446
CAD 1.38245
CDF 2871.000362
CHF 0.827046
CLF 0.024745
CLP 949.55991
CNY 7.271604
CNH 7.21136
COP 4268.654076
CRC 506.877792
CUC 1
CUP 26.5
CVE 97.540802
CZK 22.046504
DJF 178.495289
DKK 6.604904
DOP 58.870361
DZD 132.406564
EGP 50.738202
ERN 15
ETB 134.130833
EUR 0.88485
FJD 2.255904
FKP 0.752955
GBP 0.753778
GEL 2.740391
GGP 0.752955
GHS 14.082887
GIP 0.752955
GMD 71.503851
GNF 8682.383122
GTQ 7.719935
GYD 210.323323
HKD 7.75006
HNL 26.031227
HRK 6.667404
HTG 130.824008
HUF 357.970388
IDR 16466.95
ILS 3.60037
IMP 0.752955
INR 84.526504
IQD 1313.105401
IRR 42112.503816
ISK 129.310386
JEP 0.752955
JMD 158.989783
JOD 0.709204
JPY 144.981504
KES 129.656332
KGS 87.450384
KHR 4016.099783
KMF 434.503794
KPW 899.925072
KRW 1399.903789
KWD 0.30664
KYD 0.835331
KZT 517.838029
LAK 21675.438984
LBP 89812.021761
LKR 300.154806
LRD 200.477686
LSL 18.451855
LTL 2.95274
LVL 0.60489
LYD 5.473042
MAD 9.29444
MDL 17.240922
MGA 4552.16949
MKD 54.429652
MMK 2099.212117
MNT 3573.439014
MOP 8.002742
MRU 39.924809
MUR 45.330378
MVR 15.410378
MWK 1738.068911
MXN 19.58325
MYR 4.261504
MZN 64.000344
NAD 18.451855
NGN 1603.710377
NIO 36.887965
NOK 10.414655
NPR 135.53806
NZD 1.682086
OMR 0.384758
PAB 1.002344
PEN 3.674908
PGK 4.155867
PHP 55.510375
PKR 281.664912
PLN 3.782211
PYG 8019.815118
QAR 3.657835
RON 4.405604
RSD 103.675527
RUB 82.931576
RWF 1414.74634
SAR 3.747888
SBD 8.340429
SCR 14.208501
SDG 600.503676
SEK 9.657305
SGD 1.299704
SHP 0.785843
SLE 22.790371
SLL 20969.483762
SOS 572.869211
SRD 36.825038
STD 20697.981008
SVC 8.770843
SYP 13001.036716
SZL 18.443982
THB 33.085038
TJS 10.374453
TMT 3.5
TND 3.00721
TOP 2.342104
TRY 38.596995
TTD 6.797293
TWD 30.719304
TZS 2699.367509
UAH 41.850767
UGX 3671.989031
UYU 42.062895
UZS 12930.249016
VES 86.73797
VND 26005
VUV 121.147592
WST 2.778342
XAF 580.261843
XAG 0.031223
XAU 0.000309
XCD 2.70255
XDR 0.72166
XOF 580.261843
XPF 105.497811
YER 244.650363
ZAR 18.38755
ZMK 9001.203587
ZMW 27.820779
ZWL 321.999592
  • RBGPF

    67.2100

    67.21

    +100%

  • NGG

    0.0300

    71.68

    +0.04%

  • CMSD

    0.0600

    22.32

    +0.27%

  • CMSC

    0.0700

    22.1

    +0.32%

  • SCS

    0.2700

    10.14

    +2.66%

  • RELX

    0.9400

    55.02

    +1.71%

  • GSK

    0.3200

    39.07

    +0.82%

  • RYCEF

    0.1300

    10.35

    +1.26%

  • RIO

    1.1500

    59.7

    +1.93%

  • BCC

    3.4400

    96.15

    +3.58%

  • JRI

    0.0600

    13.07

    +0.46%

  • AZN

    1.9300

    72.44

    +2.66%

  • VOD

    -0.1200

    9.61

    -1.25%

  • BCE

    0.0100

    21.45

    +0.05%

  • BTI

    -0.1300

    43.17

    -0.3%

  • BP

    0.2400

    28.12

    +0.85%

WTO seeks shot in the arm with Covid jab IP idea
WTO seeks shot in the arm with Covid jab IP idea / Photo: © AFP/File

WTO seeks shot in the arm with Covid jab IP idea

The WTO's search for a role in fighting the pandemic sharpened up on Monday as ministers seek a compromise to lift intellectual property rights on Covid-19 vaccines.

Text size:

The World Trade Organization's first ministerial meeting since December 2017 is wrestling with the wording of a text that would temporarily waive patents on coronavirus jabs.

It is the main pandemic-combating idea being negotiated at MC12, the global trade body's 12th ministerial conference, being held from Sunday to Wednesday at its headquarters in Geneva.

But serious objections remain from some of the countries that host major pharmaceutical companies, like Britain and Switzerland -- a problem at the WTO, where decisions are taken by consensus rather than by majority.

The world's big pharma firms are dead set against the idea, insisting that stripping patents will cripple investment and innovation.

They also say the plan -- first proposed in October 2020 when the pandemic was raging and before jabs were even rolled out -- has gone past its sell-by date as the world now has a surplus of vaccine doses rather than a dearth.

After Sunday's opening ceremony and countries setting out their positions, ministers from the 164 WTO members went into rooms at the organisation's HQ -- the grand 1920s, classical Florentine-style Centre William Rappard on Lake Geneva -- to start talking it out face to face.

- Birthday present? -

This week's conference is a crunch moment for WTO chief Ngozi Okonjo-Iweala, who has staked her leadership on breathing new life into the crippled organisation, where progress has been stumbling for years.

The Nigerian former finance and foreign minister took over in March 2021 on a mission to make the WTO relevant again.

But on her 68th birthday Monday, there was no immediate sign of a breakthrough on vaccine patents.

Public interest groups say the draft text falls far short of what is needed, by time-limiting and complicating the vaccine patents waiver -- and by leaving out Covid treatments and diagnostics.

Non-governmental organisations staged a protest in the WTO's central atrium, chanting slogans and unfurling banners reading: "No monopolies on Covid-19 medical tools" and "End vaccine apartheid".

"The WTO rules are contributing to exacerbating the pandemic, because it's the WTO that enforces IP rules," demonstration organiser Deborah James told AFP.

"Folks have been campaigning on this for two years and it's been a complete wall by a few countries," she said.

"It's an indictment of the WTO system: it's completely broken, it can't respond to a pandemic, it has no ability to put anything other than maximising profits for corporations ahead of anything else."

- 'We are choosing death' -

In October 2020, India and South Africa began pushing for the WTO to lift IP rights on Covid-19 vaccines, tests and treatments to help ensure more equitable access in poorer nations.

After multiple rounds of talks, the United States, the European Union, India and South Africa hammered out a compromise.

The text would allow most developing countries, although not China, to produce Covid vaccines without authorisation from patent holders.

Beijing has promised not to use the facilities granted to developing countries in the draft agreement, but, according to several diplomats, Washington wants this commitment in writing.

"In a pandemic, sharing technology is life or death and we are choosing death," said the UNAIDS agency's executive director Winnie Byanyima.

Besides production, a second text being negotiated seeks to tackle some of the supply constraints faced by certain countries in getting hold of Covid-fighting tools.

And beyond the pandemic, the WTO faces pressure to eke out long-sought trade deals on a range of issues and show unity amid an impending global hunger crisis.

Okonjo-Iweala voiced cautious optimism on Sunday that ministers could reach agreement on food security threatened by Russia's invasion of Ukraine, overfishing and on Covid vaccines.

She said to expect a "rocky, bumpy road with a few landmines along the way".

U.Feng--ThChM