Tax Management India. Com
                        Law and Practice: A Digital eBook ...
TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms Articles News
Highlights
D. Forum
What's New
Sub-Menu

Share:      

        Home        
 
News
Home News News and Press Release Month 5 2021 2021 (5) This
← Previous Next →
 

Statement on the US support for TRIPS Waiver

May 7, 2021
  • Contents

In view of the global health crisis and the need to combat the Covid 19 pandemic, India and South Africa proposed in WTO on 2nd Oct, 2020 a relaxation in the norms of the agreement on TRIPS, to ensure quick and affordable access to vaccines and medicines for developing countries.  As a result of proactive outreach by India and other like-minded countries, the proposal has received the support of more than 120 countries.

During his recent phone call on 26 April 2021 with the US President Biden, Prime Minister informed him about India’s initiative at the WTO which was aimed at the benefit of humanity.

We welcome the statement of the US government of 5th May announcing their support for this initiative. We are hopeful that with a consensus based approach, the waiver can be approved quickly at the WTO. The waiver is an important step for enabling rapid scaling up of manufacture and timely availability of affordable Covid 19 vaccines and essential medical products.

← Previous Next →

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Site Map - Recent || Site Map || ||