China says backs talks on IP waiver for Covid vaccines

China says backs talks on IP waiver for Covid vaccines
China says backs talks on IP waiver for Covid vaccines

Hello and welcome to the details of China says backs talks on IP waiver for Covid vaccines and now with the details

Nevin Al Sukari - Sana'a - A worker performs a quality check in the packaging facility of Chinese vaccine maker Sinovac Biotech, developing an experimental coronavirus disease vaccine, during a government-organised media tour in Beijing, China, September 24, 2020. — Reuters pic

Subscribe to our Telegram channel for the latest updates on news you need to know.


BEIJING, May 13 — China supports talks on waiving intellectual property protections on Covid-19 vaccines, Beijing’s commerce ministry said today, amid a global push to widen access to jabs.

The World Trade Organisation has for months faced calls to temporarily remove patent protections on coronavirus vaccines, in a bid to get the drugs to poorer countries struggling to inoculate their people.

The US has backed the proposal, but some European leaders have expressed scepticism over whether a waiver will improve accessibility.

“China supports the World Trade Organisation’s proposal on intellectual property exemptions, for anti-epidemic materials such as Covid-19 vaccines, to enter the text consultation stage,” Chinese commerce ministry spokesman Gao Feng said.

Beijing believes the WTO can play an “active role” in improving vaccine availability globally, he said, though he did not elaborate on further moves by the world’s second-largest economy.

Shares in Asia-listed vaccine makers tumbled last week after the US backed the plan for a waiver on Covid-19 patent protections — including those of Chinese companies like Shanghai Fosun Pharmaceutical and CanSino Biologics.

Fosun has rights to develop and market BioNTech’s shot in China, while CanSino manufactures one of the country’s primary domestic vaccines. — AFP

These were the details of the news China says backs talks on IP waiver for Covid vaccines for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Malay Mail and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

NEXT Protests, strikes in Greece over disputed labour law