India calls for IPR waiver in WTO, dismantling trade barriers in global fight against pandemic
The Hindu
“Historical wrongs against developing countries must be corrected rather than being carried over,” Commerce and Industry Minister Piyush Goyal.
Commerce and Industry Minister Piyush Goyal on Tuesday called for a waiver of Intellectual Property Rights (IPR) in the World Trade Organisation (WTO) and dismantling new trade barriers in the global fight against the COVID-19 pandemic.
In October 2020, India and South Africa had submitted the first proposal, suggesting a waiver for all WTO members on the implementation of certain provisions of the Trade-Related Aspects of Intellectual Property Rights (TRIPs) Agreement in relation to the prevention, containment or treatment of COVID-19.
In May this year, a revised proposal was submitted by 62 co-sponsors, including India, South Africa, and Indonesia.
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