What’s at Stake at WTO – Vaccine democracy – CounterPunch.org

By Deborah James

One would think that every global institution, and particularly one whose rules govern trade in vaccines, medicines, and other medical products necessary to end COVID-19, would be doing everything in its power to contribute towards ending this horrendous pandemic.

Unfortunately, we are talking about the WTO, where the protection of billionaires’ intellectual property monopolies, intended to reduce supply and increase prices, are sacrosanct. Developing countries introduced a proposal to waive certain provisions of the WTO’s Agreement on Trade-Related Intellectual Property Rights (TRIPS) in order to ensure vaccines, treatments, diagnostics, and medical products necessary for the treatment and containment of the COVID-19 pandemic are accessible to all. More than a year after its introduction, members have still not agreed to start negotiations on the waiver.

https://www.counterpunch.org/2021/11/29/whats-a-stake-at-wto/

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