'The E.U. fealty to Big Pharma represented in this text is exposing the world to the risk of endless pandemic and ever-more-dangerous variants,' said WallachLori of econliberties, 'and it could take down the WTO as collateral damage.'
, as countries urge members to keep working for a true TRIPS waiver," said St. Louis."The only changes are the additions of brackets around the country eligibility requirements and patent listing—indicating there is less agreement on those elements, though any of it can still be changed."Would impose new barriers on countries attempting to remove intellectual property barriers and increase Covid medicines production.
Does not cover all of the intellectual property barriers to Covid medicine access. It reiterates existing rules on patents while adding new barriers. It does not even address the other categories of intellectual property covered in the original waiver proposal: trade secrets, undisclosed data, copyright, and industrial design.
"Only the E.U. has signaled its support for the text, which is not surprising, as it supports their stance of using existing WTO rules in lieu of a meaningful waiver," St. Louis continued."India and South Africa have not agreed to the text, and [U.S. Trade Representative] Katherine Tai has repeatedly pushed back on the notion of a quad compromise, insisting 'that there has been no agreement.
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