Biden Asked Not To Accept India-Led Proposal At World Trade Body On Covid Vaccine Patents

Washington:

Four high Republicans Senator on Friday urged US President Joe Biden to not settle for a proposal by India and South Africa to the World Trade Organisation to waive anti-Covid vaccine patents to spice up its provide.

“India, South Africa and other countries are presenting a proposal at the World Trade Organisation to waive all intellectual property rights for any innovation related to COVID-19,” the group of 4 Republican Senators wrote in a letter to Biden.

“The proponents of this scheme argue that if we just destroy the intellectual property developed by American companies, we will suddenly have more manufacturers producing COVID-19 vaccines,” they mentioned.

In the letter, Senators Mike Lee, Tom Cotton, Joni Ernst and Todd Young urged Biden to reject the upcoming proposal on the WTO.

“But the opposite is true. By destroying the intellectual property of every American company that has worked on COVID-19 vaccines and treatments, we would be ending the progress — started under Operation Warp Speed — that led to the fastest development of life-saving vaccines in history,” the Senators wrote.

They alleged that some international locations imagine that they might profit from seizing America’s mental property.

“But this is a mistake,” they mentioned.

“Waiving all rights to intellectual property would end the innovation pipeline and stop the development of new vaccines or boosters to address variants in the virus. It also wouldn”t increase the supply of vaccines because of the tremendous time and resources needed to build new manufacturing plants and acquire the knowhow to produce these complex medicines,” they mentioned.

“Even if the waiver may temporarily result in a few copycats attempting to produce what American companies developed, it would introduce major quality control problems,” the Senators mentioned.

“As a global leader and a force for good, we can do a lot to help other countries overcome the virus. But destroying our rights to intellectual property wouldn’t advance our mission of fighting the virus — it would make the problem worse, for America and for the world,” they wrote.

“The end of this pandemic is in sight. More than 50 million Americans have been vaccinated, and cases have declined by more than 75 percent from their recent high. We stand ready to work with you to bring an end to this deadly crisis and urge you to take a strong stand against this scheme that would halt our progress,” the Senators mentioned.

In an announcement, the US Chamber of Commerce”s Global Innovation Policy Centre (GIPC) senior Vice president Patrick Kilbride mentioned the proposals to waive mental property rights are misguided and a distraction from the true work of reinforcing provide chains and helping international locations to obtain, distribute and administer vaccines to billions of the world”s residents.

“Diminishing intellectual property rights would make it more difficult to quickly develop and distribute vaccines or treatments in the future pandemics the world will face,” he mentioned.

Early this week, tons of of American civil society organizations and three high Congressmen urged Biden to not block the waiver to COVID-19 vaccines at World Trade Organisation, a transfer they mentioned would enhance the therapy of coronavirus sufferers worldwide.

“The COVID-19 pandemic knows no borders and the need for vaccine development and dissemination across the globe is critically important. The TRIPS waiver raised by India and South Africa at the WTO would help the global community move forward in defeating the scourge of COVID-19 by making diagnostics, treatments, and vaccines available in developing countries,” Congressman Rosa DeLauro, chairman of the House Appropriations Committee informed reporters at a information convention.

The WTO Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) requires international locations to offer prolonged monopoly protections for medicines, exams and applied sciences used to supply them.