タグ: European Parliament

Patent Waivers For COVID Vaccines? Yes/No.

As for COVID-19 vaccines, rich countries have gotten the lion’s share of the vaccine and poor countries have got far less.

How to address this problem of inequality? Last year, a proposal was floated by India and South Africa that WTO restrictions (TRIPS Agreement) on intellectual property be lifted and poorer countries by allowed to manufacture the vaccine locally to counter the disparity and to fight the pandemic. The United States, under President Joe Biden has gotten behind this remedy, as have China and Russia and the World Health Organization.

But not everyone was on board: Japan, Korea, UK and the EU and Germany were against the idea. In early June the European Parliament voted to waive IP restrictions for the COVID 19 vaccines. Still, the EU stands firm.

The question really boils down to this: Will waiving IP rights on the vaccine create and equitable distribution of vaccines and help stop the pandemic? Supporters say yes it will, critics say no it won’t. 

Arguments against the IP waiver say that IP is not the problem, that technology and production are. Even if IP protections are waived say the critics, poorer countries do not have the skill or infrastructure to produce the vaccines correctly in the short term. Another reason given is a shortage of raw materials that are desperately needed by the current manufacturers to produce vaccine at speed and in volume.

Other arguments against the lifting of IP protection include:

  • Waiving IP production my reduce quality of products
  • There is a danger of fake products becoming common
  • The lack of IP protection is a dis-incentive to investment

One proposal now being put forward as an alternative to suspending IP protection is for countries and organizations that are already producing vaccines to ramp-up production. The EU also proposes waiving export restrictions on vaccines and components.

The need for more vaccines is real and global. Is waiving IP protection the answer to this shortage. Let us know your thoughts on this vital issue.

 

EU’s Jean Claude Junker on Brexit

                   “The European Dream Still Exists”

On June 23 the British people voted in a referendum to leave the European Union. It was close: Leave 52%, Remain 48%.

The world has seen the result: financial turmoil and political uncertainty. It appears that the Leave group had no “Plan B” for their eventual win; in fact it appears that they did not even have a “plan A.”

Media attention has focused on financial turbulence and British domestic politics. But what about the Europeans, what do they think?

A good indication can be gathered from the speech of the President of the European Commission, Mr. Jean Claude Juncker, to the European Parliament on June 28th. President Juncker focused on these key points:

  • There will be not secret negotiations with the British
  • Britain has voted, and Britain must act on that vote
  • The EU will continue to move ahead despite its diminished status

Here is the full text of Mr. Juncker’s speech. It gives us a good indication about European intentions, and shows us how a statesman thinks as opposed to a mere politician.

Mr. Juncker’s speech in full (Reading Time: 7 minutes)

 

 

Photo: European Parliament via flickr