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Business group warns EU over vaccine export controls


Business group warns EU over vaccine export controls
29 January 2021By AFP
1 min 2Approximate reading time
EU export controls on Covid-19 vaccines could have a “devastating” impact on global supplies, the International Chamber of Commerce has warned European Commission chief Ursula von der Leyen.
Plans to give EU member states the power to block some exports “risk triggering retaliatory actions by third countries that could very rapidly erode essential supply chains,” ICC Secretary General John Denton wrote in the letter dated Thursday and seen by AFP on Friday.
“Such a chain of events… would have devastating implications on the supply of vaccines globally, including across EU member states,” he wrote. ....

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'Vaccine nationalism' could cost global economy $9.2 trillion | Hellenic Shipping News Worldwide


‘Vaccine nationalism’ could cost global economy $9.2 trillion
The global economy is at risk of losing a staggering $9.2 trillion if governments fail to ensure global access to COVID-19 vaccines, the International Chamber of Commerce (ICC) revealed in a study presented to the World Health Organization (WHO) on Monday.
WHO Director-General Tedros Adhanom Ghebreyesus warned that nearly half of that amount could fall upon the “wealthiest economies.”
“Vaccine nationalism might serve short-term political goals but it is in every nation’s economic interest to support vaccine equity,” he said in a press conference on Monday.
“Until we end the pandemic everywhere, we won’t end it anywhere,” he added. ....

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