Biden’s talk of vaccine IP waiver is political theater

Posted By : Telegraf
9 Min Read

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India has welcomed US support for a relaxation in patent rules to give developing countries affordable access to vaccines and medicines.

New Delhi is “hopeful that with a consensus based approach, the waiver can be approved quickly at the WTO.” But is the optimism over an easing of the the Trade-Related Aspects of Intellectual Property (TRIPS) warranted? 

The US statement is cautiously worded and noncommittal. It only says, “We will actively participate in text-based negotiations at the World Trade Organization (WTO) needed to make that happen.

“Those negotiations will take time given the consensus-based nature of the institution and the complexity of the issues involved.” 

Also read: Patent waivers no panacea for vaccine inequality

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