6th May, 2021
The Indian administration has also decided to support the country's powerful lobby by ignoring the Indian campaign to provide vaccines to all the developing and poor countries of the world easily and at cheap rates. India along with South Africa proposed to exempt the Corona vaccine from the International Intellectual Property Rights (TRIPS) rules.
A proposal to seek the support of the European Union (EU) on this issue will also be put forward on Saturday by Prime Minister Narendra Modi at the India-EU Summit. If the support of all developed countries is reached, the intellectual property rights restrictions on the number of vaccines currently being produced in the world for the elimination of corona will be lifted (temporarily) for some time.
No patent rights, other companies will be able to make vaccines
After being exempted from the TRIPS rules, only a small number of companies will not make the vaccine, but companies from all countries will be able to produce it. Currently, this cannot be done due to patent obligations. Companies that have developed the vaccine and spent money on its research can still make the same. Due to its mass production, the world can be made corona-free by carrying out rapid vaccination campaigns. Due to its production on a large scale, its price will also come down.
It is worth remembering that all the small countries are not getting the vaccine, while there are problems in many countries including India. In October 2020, India, along with South Africa, proposed to take the Corona vaccine out of the trap of TRIPS regulations. The US did not support it initially, but the way the second wave of Corona in India has created a wave of fear in the whole world has changed its stance. There has also been an indication from the EU that it is also positive about this.
Extraordinary steps need to be taken to deal with the corona epidemic
In a statement issued by the US Trade Representative (USTR) Katherine Tai, it is said that the time of global crisis is going on in the health sector. There is an extraordinary time now and extraordinary steps need to be taken to resolve this. Our administration believes strongly in intellectual property rights, but the endorsement of this epidemic requires that the Corona vaccine has been removed under the sanctions it has received. We will support it in the discussions under the World Trade Organization to implement it. We support vaccination in an effective manner to as many people as possible, as soon as possible. Vaccine supply to the American people is already safe. We will try to increase vaccine production and ensure its distribution with the private sector and other partners. We will also work on increasing the supply of raw materials required for vaccine production.
World Health Organization welcomed
External Affairs Minister S.K. Jaishankar raised the issue in bilateral talks with his American ally. Indian Ambassador to the US Taranjit Singh Sandhu was continuously raising the issue there at the government level and among the US lawmakers. The Government of India has welcomed the move. The World Health Organization welcomed it as a historic endorsement of the United States. President Biden's decision has also come under heavy criticism in the US pharmaceutical lobby. He says that such a move is discouraging the private sector for research and development in the future.