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COVID-19 crisis: WTO members propose three-year TRIPS waiver Joe C Mathew © India Today Group COVID-19 crisis: WTO members propose three-year TRIPS waiver
The World Trade Organisation (WTO) members who are co-sponsoring the TRIPS waiver proposal for products and technologies needed to treat and prevent COVID-19 have submitted a revised draft that limits the waiver period to three years with a provision to review the duration. They re-emphasised that the proposed waiver is limited in scope to COVID-19 prevention, treatment, and containment.
The revised proposal was circulated by the WTO secretariat on May 21 at the request of 62 co-sponsors that include India, South Africa, the African Group, the LDC Group, Bolivia, Egypt, Eswatini, Fiji, Indonesia, Kenya, Maldives, Mozambique, Mongolia, Namibia, Pakistan, Vanuatu, Venezuela, and Zimbabwe.