• 9964432222
  • Mail Us
  • Appointment
  • Locate Us
  • Chat Now
  • Courses
  • Login
  • Register
Manifest IAS
JournalsOfIndia
Manifest Learning Academy
  • Home
  • SNIPPETSfor Prelims
  • ARTICLESfor Mains
  • BROWSEBY SOURCE
  • DOWNLOADS
No Result
View All Result
  • Home
  • SNIPPETSfor Prelims
  • ARTICLESfor Mains
  • BROWSEBY SOURCE
  • DOWNLOADS
No Result
View All Result
JournalsOfIndia
No Result
View All Result
Home Economy

India risks being left out of TRIPS waiver

February 25, 2022
in Economy
Reading Time: 3 mins read
0
India risks being left out of TRIPS waiver
363
VIEWS
Share on WhatsAppShare on TelegramShare on Facebook
image_pdfMake PDF

In news– India is at the risk of being excluded from a proposal it co-authored at the WTO negotiations of 2020, to “temporarily waive” intellectual property rights (IPR) held, by primarily Western countries, on vaccines, therapeutics and diagnostics for covid -19.

About TRIPS waiver proposal-

  • India and South Africa had jointly sponsored a proposal in October 2020 and this was updated, with representation from several low– and middle–income countries to expand the scope of the waiver to “all health products and technologies (especially related to Covid-19)” and to have the waiver in place for at least a year. 
  • The core idea behind the proposal was that IPR such as patents should not become a barrier in scaling up the production of medical products like vaccines, diagnostics and therapeutics essential to combat Covid-19. 
  • These negotiations began after India sent a letter to the Director General of the WTO asking for a virtual, ministerial conference to be held on the TRIPs waivers.
  • There has since been a four-way, ministerial consultation in January, and meetings by officials of key players — the United States, the European Union, India and South Africa — are now under way to look at counter proposals, of which the U.S.-E.U. proposals for “geographical exclusions” are high on the agenda. 
  • Indian officials have formally opposed the geographic exclusion proposal.
  • Apart from the proposal on geographical exclusions to cut Indian and Chinese companies out of the waivers, other proposals, include limiting the kind of medical products to counter the pandemic that would be on the list of waivers, as well as restricting the waivers to a certain part of the Intellectual property (IP), and not a full product and patent waiver.
  • Officials said it seemed clear that the Western trade negotiators wanted to “limit” any benefits of the waiver only to African countries, and not pave the way for Indian manufacturers who, with their large production capacities, would easily undercut Western competitors.

Domestic factors that impacted India’s global campaign are-

  • During the entire pandemic, India rarely made use of the existing flexibilities under the Indian Patent Act, such as compulsory licenses (CL), which are consistent with the TRIPS agreement, to increase the supply of Covid-19 medical products.
  • India did not proactively develop a national strategy to implement the TRIPS waiver as and when it was adopted.
  • The government failed to get the Indian pharmaceutical industry on board.
  • Though India is one of the few countries that has successfully developed a fully indigenous Covid-19 vaccine, Covaxin, it failed to unlock its technical know-how to the world. 

About TRIPS-

  • The Agreement on Trade-Related Aspects of Intellectual Property Rights(TRIPS) is an international legal agreement between all the member nations of the WTO.
  • The TRIPS Agreement, which came into effect on 1 January 1995, is to date the most comprehensive multilateral agreement on intellectual property.
  • This Agreement, pushed by knowledge-based economies like the United States and the multinational, research-intensive pharmaceutical industry, imposed a base of protections for intellectual property rights, from patents to copyrights. 
  • Before this was negotiated, more than 50 countries did not recognize patent protection on pharmaceutical products. 
  • The TRIPS Agreement changed that, and after a transition period of 10 years, ratcheted up these requirements on all but the least developed countries.
  • Middle-income countries like India came into compliance by 2005.

TRIPS waiver for COVID vaccines-

  • The TRIPS waiver refers to a proposal to the WTO to waive IPR protection for technologies needed to prevent, contain, or treat COVID-19 “until widespread vaccination is in place globally, and the majority of the world’s population has developed immunity.”
  • The TRIPS waiver just seeks to temporarily suspend these protections until the pandemic has ended, so the world can better access the knowledge needed to combat the worst pandemic in a century.

Further reading: https://journalsofindia.com/waiving-intellectual-property-ip-protection-for-covid-19-vaccines/

image_pdfMake PDF
Source: The Hindu
Tags: NewspaperPrelims

Related Posts

World Economic Situation & Prospects report-2023

World Economic Situation & Prospects report-2023

February 3, 2023
What is a Unity mall?

What is a Unity mall?

February 2, 2023
High Net worth Individuals (HNIs)

High Net worth Individuals (HNIs)

February 2, 2023
SUMMARY OF THE INDIAN ECONOMIC SURVEY 2022-23

SUMMARY OF THE INDIAN ECONOMIC SURVEY 2022-23

February 1, 2023
XR Startup Program

XR Startup Program

January 31, 2023
What is short selling?

What is short selling?

January 28, 2023
The trade-plus-one(T+1) settlement plan

The trade-plus-one(T+1) settlement plan

January 27, 2023
SEBI’s information database on municipal bonds

SEBI’s information database on municipal bonds

January 25, 2023
Caller Name Presentation (CNAP) proposal by TRAI

Caller Name Presentation (CNAP) proposal by TRAI

January 20, 2023
Oxfam Report -‘Survival of the Richest’

Oxfam Report -‘Survival of the Richest’

January 19, 2023
Please login to join discussion

Our Offline Classroom Student

CONGRATULATIONS TO 2021 TOPPERS !!!

Rank 171 Kumar Shivashish
Rank 250 Sahithya
Rank 263 Sumit Kumar Thakur
Rank 311 Deepak Ramachandra Shet
Rank 455 Ravinandan B M

February 2023
MTWTFSS
 12345
6789101112
13141516171819
20212223242526
2728 
« Jan    

Browse by Category

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society
  • Sports
  • Uncategorized

Browse by Tags

AIR All India Radio BBC Business Line Business Standard dow Down to Earth DownToEarth DTE Economic Times ET FAO Financial Express GS-1 GS-2 GS-3 GS-4 Hindustan Times IE India & the world Indian express Indiatoday India today Kurukshetra Livelihoods portal LiveMint Mains News News Paper Newspaper PIB Prelims PRS India RSTV Science Reporter Survey The Hindu The India Express The Indian Express The Print the wire Times of India TOI TOPPERS Yojana
JournalsOfIndia

Our vision is to orient the readers to grasp the facts objectively and analyse critically. In the rush of reaching first to the readers, the websites miss the balanced opinion, which is the need of the hour. We aim to reach the readers with more crispness, preciseness and relevance. We bring the articles in UPSC way for the civil services aspirants and the Wisest Way for general readers.

Categories

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society
  • Sports
  • Uncategorized

Browse by Tag

AIR All India Radio BBC Business Line Business Standard dow Down to Earth DownToEarth DTE Economic Times ET FAO Financial Express GS-1 GS-2 GS-3 GS-4 Hindustan Times IE India & the world Indian express Indiatoday India today Kurukshetra Livelihoods portal LiveMint Mains News News Paper Newspaper PIB Prelims PRS India RSTV Science Reporter Survey The Hindu The India Express The Indian Express The Print the wire Times of India TOI TOPPERS Yojana

Newsletter

The most important UPSC news and events of the day.

Get Journals daily newsletter on your inbox.

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

  • Login
  • Sign Up
  • Home
  • SNIPPETS
  • ARTICLES
  • BROWSE
  • DOWNLOADS
No Result
View All Result

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In