Intellectual Property Waiver on Covid Vaccines
164 WTO members and over 100 of them have agreed to this waiver proposal that was initiated by India and South Africa. The hurricane that came in the form of a virus named COVID-19 in 2020 took away a lot of lives and left a lot of people in denial. Vaccinations came in the form of hope to all the countries only because of the various medical teams and researchers that worked day in and day out to come up with a solution. The agenda of the waiver proposal is to eliminate any form of intellectual property protection on the vaccine to further encourage a metrical production of the vaccination in all the countries irrespective of their economic standards. This initiative even though wasn’t supported in the beginning, but; over a period with every country noticing the need for more vaccinations they decided to step in and show their agreement towards this proposal.
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