We have no time to lose, complete negotiations on patent waiver proposal by July: India

We have no time to lose, complete negotiations on patent waiver proposal by July: India

New Delhi, Jun 9 (PTI) India has suggested starting legal draft-based negotiations from mid-June on granting temporary relaxation in provisions of intellectual property to World Trade Organization (WTO) member countries to deal with the COVID-19 pandemic. Have given. He also said that we have no time to lose and everyone should work to bring the talks to a conclusion by the end of July.

India said in its statement at the formal meeting of the TRIPS Council on June 8-9 in Geneva regarding the relaxation of Intellectual Property Rights (TRIPS) provisions related to trade related aspects, that the country is ready to discuss every aspect of the proposal. In this context, in any form, whether it is a plenary meeting or a small group meeting, we are ready to talk.

“We would like to start talks after this formal meeting, that is, by mid-June,” the statement said. Given the enormity of the second and third wave of the pandemic in different countries of the world, we have no time to lose. We are serious about concluding the talks by the end of July….

It is noteworthy that India and South Africa made the first proposal in October 2020 to temporarily exempt WTO member countries from certain provisions of the TRIPS Agreement for the prevention and treatment of Kovid-19.

In May this year, 62 countries including India, South Africa and Indonesia submitted revised proposals.

The TRIPS Agreement came into force in January 1995. It is a multilateral agreement on intellectual property rights such as the protection of copyright, industrial design, undeclared information or trade-related confidential information.

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India said in the statement, “We urge that we have very little time. The way we talked about taking the fishing matter to the final conclusion, we can talk about it daily.

According to the statement, if any member countries have any doubts and concerns about the proposal, India urges them to join the dialogue on the legal proposal and resolve the doubts through dialogue.

The Council has agreed to a legal draft based negotiations by consensus on the proposal of India and South Africa.

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