Waiver of Covid vaccine patent is « not a silver bullet »: President of the European Council

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European Council President Charles Michel said the patent waiver issue is likely to be raised at the G7 summit.

A proposed IP waiver for COVID-19 vaccines and treatments is  » no magic bullet, « said European Council President Charles Michel on Thursday, adding that he expected the issue to be dealt with at the G7 summit.

 » The issue of intellectual property rights is likely to be raised « , Michel said at a press conference before the summit, which begins on Friday.

« The patent waiver may sound good, but it is not a panacea. The TRIPS agreement already offers flexibility and we want to focus on concrete proposals such as promoting voluntary licensing and knowledge transfer and patent pooling on mutually agreed terms. ”

(Except for the headline, this story was not by NDTV – Edited by employees and published via a syndicated feed.)

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Keywords:

Vaccine,World Trade Organization,Patent,Intellectual property,TRIPS Agreement,Vaccine, World Trade Organization, Patent, Intellectual property, TRIPS Agreement,,,

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