Zürcher Nachrichten - WTO seeks shot in the arm with Covid jab IP idea

EUR -
AED 4.35335
AFN 77.050797
ALL 96.614026
AMD 452.873985
ANG 2.121943
AOA 1087.00321
ARS 1723.800654
AUD 1.702936
AWG 2.136666
AZN 2.019869
BAM 1.955248
BBD 2.406031
BDT 145.978765
BGN 1.990709
BHD 0.449191
BIF 3539.115218
BMD 1.18539
BND 1.512879
BOB 8.254703
BRL 6.231008
BSD 1.194568
BTN 109.699013
BWP 15.630651
BYN 3.402439
BYR 23233.647084
BZD 2.402531
CAD 1.615035
CDF 2684.909135
CHF 0.915881
CLF 0.026011
CLP 1027.058063
CNY 8.240537
CNH 8.248946
COP 4354.94563
CRC 591.535401
CUC 1.18539
CUP 31.412839
CVE 110.234327
CZK 24.334287
DJF 212.720809
DKK 7.470097
DOP 74.383698
DZD 153.702477
EGP 55.903178
ERN 17.780852
ETB 185.572763
FJD 2.613371
FKP 0.865849
GBP 0.865754
GEL 3.194674
GGP 0.865849
GHS 12.974143
GIP 0.865849
GMD 86.533903
GNF 10372.164298
GTQ 9.16245
GYD 249.920458
HKD 9.257838
HNL 31.365884
HRK 7.536597
HTG 156.336498
HUF 381.328619
IDR 19883.141804
ILS 3.663335
IMP 0.865849
INR 108.679593
IQD 1553.453801
IRR 49934.560565
ISK 144.985527
JEP 0.865849
JMD 187.197911
JOD 0.840489
JPY 183.433247
KES 152.915746
KGS 103.662825
KHR 4768.236408
KMF 491.93733
KPW 1066.851144
KRW 1719.752641
KWD 0.36382
KYD 0.995519
KZT 600.800289
LAK 25485.888797
LBP 101410.128375
LKR 369.427204
LRD 219.593979
LSL 19.132649
LTL 3.500149
LVL 0.717031
LYD 7.495914
MAD 10.835985
MDL 20.092409
MGA 5260.173275
MKD 61.631889
MMK 2489.708718
MNT 4227.553379
MOP 9.606327
MRU 47.30937
MUR 53.852723
MVR 18.32658
MWK 2059.023112
MXN 20.70407
MYR 4.672854
MZN 75.580924
NAD 18.967522
NGN 1643.520192
NIO 43.508231
NOK 11.437875
NPR 175.519161
NZD 1.96876
OMR 0.458133
PAB 1.194573
PEN 3.994177
PGK 5.066955
PHP 69.837307
PKR 331.998194
PLN 4.215189
PYG 8001.773454
QAR 4.316051
RON 5.097064
RSD 117.111851
RUB 90.544129
RWF 1742.915022
SAR 4.446506
SBD 9.544303
SCR 17.200951
SDG 713.016537
SEK 10.580086
SGD 1.505332
SHP 0.88935
SLE 28.834661
SLL 24857.038036
SOS 677.454816
SRD 45.104693
STD 24535.182964
STN 24.493185
SVC 10.452048
SYP 13109.911225
SZL 19.132635
THB 37.411351
TJS 11.151397
TMT 4.148866
TND 3.37248
TOP 2.854135
TRY 51.47818
TTD 8.110743
TWD 37.456003
TZS 3052.380052
UAH 51.199753
UGX 4270.811618
USD 1.18539
UYU 46.357101
UZS 14603.874776
VES 410.075543
VND 30749.020682
VUV 140.814221
WST 3.213333
XAF 655.774526
XAG 0.014004
XAU 0.000244
XCD 3.203577
XCG 2.153028
XDR 0.815573
XOF 655.774526
XPF 119.331742
YER 282.508153
ZAR 19.136335
ZMK 10669.938133
ZMW 23.443477
ZWL 381.695147
  • SCS

    0.0200

    16.14

    +0.12%

  • RBGPF

    1.3800

    83.78

    +1.65%

  • BCC

    0.5100

    80.81

    +0.63%

  • CMSD

    -0.0400

    24.05

    -0.17%

  • CMSC

    0.0500

    23.76

    +0.21%

  • AZN

    0.1800

    92.77

    +0.19%

  • RIO

    -4.1000

    91.03

    -4.5%

  • RELX

    -0.3700

    35.8

    -1.03%

  • BTI

    0.4600

    60.68

    +0.76%

  • BCE

    0.3700

    25.86

    +1.43%

  • GSK

    0.9400

    51.6

    +1.82%

  • JRI

    0.1400

    13.08

    +1.07%

  • RYCEF

    -0.4300

    16

    -2.69%

  • NGG

    0.2000

    85.27

    +0.23%

  • VOD

    -0.0600

    14.65

    -0.41%

  • BP

    -0.1600

    37.88

    -0.42%

WTO seeks shot in the arm with Covid jab IP idea
WTO seeks shot in the arm with Covid jab IP idea / Photo: Narinder NANU - 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".

M.J.Baumann--NZN