Udaan, Prahaar, Q&A Bank etc.
CA Magazines & Editorials
14 Mar 2024
Recently, India together with Bangladesh, Colombia & Egypt have given a joint call at the WTO for review of the TRIPS Agreement.
Doha Declaration on TRIPS agreement & Public Health of 2001
The TRIPS Agreement of 2022
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Notion of Joint Call for the Review under Article 71 of TRIPS Agreement : After the failure of consensus on to extend the temporary waiver of certain intellectual property rights (TRIPS) for Covid-19 therapeutics and diagnostics production at the recently held 13th Ministerial Conference of WTO( in Abu Dhabi).
Trade-Related Aspects of Intellectual Property Rights (TRIPS)
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Therefore, implementing a patent waiver alone doesn’t immediately enable manufacturers to initiate vaccine production.
Biopiracy: Exploitation of Biological Resources
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News Source : TheHinduBusinessline
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