Beijing has responded with tariffs and restrictions on imports of coal, barley, lobsters and wine
The Biden administration can now move forward to strengthen the WTO dispute settlement process by clearing the way for appointment of requisite number of members to its appellate body
One such measure is the European Union's export authorisation scheme for Covid-19 vaccines
Robin Hoodism - robbing the rich to pay the poor - isn't consistent with either democratic ideals or trust in government
Japan has filed a complaint with the World Trade Organization (WTO) over China's anti-dumping duties on their stainless steel products, saying tariffs of up to 29% violate international trade rules
The World Trade Organization should penalize bad behaviour when it occurs, Australia's prime minister said Wednesday ahead of a Group of Seven leaders' meeting in Britain
While big pharma has vehemently opposed India's move on compulsory licensing, even non-pharma influencers such as Bill Gates are against sharing vaccine technology without patenting
Ngozi Okonjo-Iweala has argued in favour of expanding Covid-19 vaccine production and ending export restrictions, saying that getting a patent waiver would not be enough
Developed nations opposed the proposal, though it received the support of three-fourths of member nations
The director-general also praised India for exporting vaccines to other countries.
Patents for complex biologics like vaccines is often governed by multiple patents, which may be owned by different entities.
Manufacturers in emerging economies need to be supported with the technology to actually produce coronavirus vaccines.
A United States' proposal to discuss waiving patent protections for Covid-19 vaccines will intensify talks on the issue within the World Trade Organisation, says the WTO director-general
WTO members will assess on Wednesday signs of progress in talks on a proposal by South Africa and India to waive patent rights on Covid-19 vaccines in order to boost supply to developing countries
Twelve Republican lawmakers have urged the Biden administration to not support a proposal by India and South Africa to the WTO to temporary waive some TRIPS rules amid the coronavirus pandemic
The proposal seeks to temporarily lift certain intellectual property barriers and allow countries to locally manufacture Covid-19 diagnostics and vaccines
46-member grouping of the Least Developed Countries said it supports a request made by India and South Africa to the WTO to temporarily suspend intellectual property rights for the Covid-19 vaccines
Covid-19 continues to pose the greatest threat to trade outlook, as new waves of infection could easily undermine any hoped-for recovery, said the WTO
A waiver on certain provisions of the agreement is expected to help more countries, especially middle- and low-income nations to access vaccines
Says growth will slow to 4% in 2022 as effects of the pandemic will be felt