The Republic of India and South Africa have asked for a waiver on certain provisions of the international agreements regulating the intellectual property rights in the World Trade Organization. This step has been taken in order to speed up efforts that prevent, treat and contain the pandemic.
What was the issue?
- Both India and South Africa have highlighted that there were several reports about intellectual property rights (IPR) that were obstructing timely provisioning of affordable medical products to COVID-19 patients.
- Another concern for India and South Africa were insufficient or no manufacturing capacity requirements and a lengthy process of the import and export of the pharmaceutical products.
- Many countries including the developing countries faced institutional and legal difficulties while using the flexibilities available in the TRIPS (Trade Related Aspects of Intellectual Property Rights) Agreement.
- There was another concern that other intellectual property rights may also pose a barrier beyond the patents with limited options to overcome those barriers.
- Further, pharmaceutical companies including the medicine and vaccine manufacturers of India and South Africa want to get profit by keeping the monopoly rights through intellectual protection in the COVID-19 pandemic.
What is the Solution?
- World Trade Organization needs to ensure that intellectual property rights do not create barriers to timely access to affordable medical products.
- World Trade Organization (WTO) should also ensure the scaling up of research, development, manufacturing and supply of medical products in order to combat the Pandemic.
- TRIPS agreement Obligations should be waived off to ensure availability and affordability of medical products.
Trade Related Aspects of Intellectual Property Rights Agreement
TRIPS agreement is an international agreement between the member countries of the World Trade Organization which is administered by WTO itself. The TRIPS agreement sets a minimum standards for the regulation of different forms of intellectual property. These are applied to all nationals of the World Trade Organization member nations. This agreement was negotiated at the end of the Uruguay Round of the General Agreement on Tariffs and Trade.
General Agreement on Tariffs and Trade is a legal agreement between countries in order to promote international trade by reducing or eliminating trade barriers including the tariffs or quotas. It was constituted after the failure of governments to create the International Trade Organization. The World Trade Organization is a successor to the GATT agreement.
India and South Africa move to WTO India and South Africa move to WTO