India among WTO's 5 member nations to produce 75% of world's Covid vaccines

Five member states of the World Trade Organisation (WTO) alone will account for three-quarters of the entire global output of COVID-19 vaccines this year, said Director-General Ngozi Okonjo-Iweala on Wednesday.

"Production remains highly centralised - about 75 per cent of this year's vaccines appear set to come from five WTO members - China, India, Germany, the United States, and France," the WTO Director-General said at a high-level dialogue on "Expanding COVID-19 vaccine manufacture to promote equitable access."

Okonjo-Iweala said discriminatory access to vaccines is a root cause of the unequal recovery of the global economy, in which developed economies are rebounding quickly while the rest are lagging behind.

The lack of full transparency in vaccine supply deals is another reason for concern, she said as the world administered worldwide 1.1 billion COVID vaccine doses in June.

"Of those 1.1 billion doses in June, only 1.4 per cent went to Africans, who account for 17 per cent of the global population. Only 0.24 per cent went to people in low-income countries. And both shares declined even further in the first half of July," she said.

"In developed countries, 94 doses have been administered for every 100 residents. In Africa, the figure is 4.5 per cent. In low-income countries, it's 1.6 per cent. In Africa, only 20 million people, or 1.5 per cent of the population, are fully vaccinated, compared to 42 per cent of people in developed countries. We cannot accept this, for moral, practical, and economic reasons.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)