WTO TRIPS Council to hold series of meetings until end of July on proposed patent waiver – The New Indian Express
NEW DELHI: The World Trade Organization‘s TRIPS Council on Thursday agreed to hold a series of meetings until the end of July to take stock of text-based discussions on a proposal to obtain patent waivers for dealing with the COVID-19 crisis, said an official mentioned.
This was agreed at the informal Council meeting in Geneva.
The meeting follows after members of the World Trade Organization (WTO) agreed by consensus to begin text-based negotiations on the proposal.
At the informal TRIPS Council meeting on June 17, members agreed on a meeting schedule until the end of July to organize and take stock of the text-based discussions on an urgent property response. intellectual to COVID-19, “said the Geneva-based trade. the manager said.
The aim is to prepare a report to be submitted to the next General Council, scheduled for July 27 and 28, on the progress made so far.
The first meeting will be an informal session on June 30.
It will be followed by similar meetings on July 6, 14 and 20.
The Chairman of the Council for TRIPS, Ambassador Dagfinn Sorli of Norway, has indicated that most likely on the latter date (July 20), the council will have to meet formally to agree on a report to the General Council, added the responsible.
On June 30, members will discuss the scope, coverage of provisions of the TRIPS Agreement and product coverage of the waiver proposed by South Africa and India.
The European Union has also submitted a proposal, which will be updated and circulated to other members in the coming days.
Some other delegations also indicated that they were working on proposals that could be presented to members shortly.
“In view of the rather short deadline before the General Council, the Chair urged delegations working on new proposals to come forward as soon as possible, so that an opportunity to present such proposals to all members can be found,” said declared the responsible.
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 TRIPS Agreement concerning prevention, containment or the treatment of COVID-19.
In May of this year, a revised proposal was submitted by 62 co-sponsors, including India, South Africa and Indonesia.
The Agreement on Trade-Related Aspects of Intellectual Property Rights or TRIPS entered into force in January 1995.
It is a multilateral agreement on intellectual property (IP) rights such as copyright, industrial designs, patents and the protection of undisclosed information or trade secrets.