US, EU, India, S Africa reach consensus on COVID vaccine IP waiver - Sources - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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The United States, European Union, India and South Africa have reached a tentative agreement on key elements of a long-sought limited intellectual property waiver for COVID-19 vaccines, sources familiar with the deal said on Tuesday.

The tentative agreement among the four World Trade Organisation members still needs formal approvals from the parties before it can be considered official, the sources said.

The tentative agreement closely mirrors the EU’s compulsory licensing approach and does not include COVID-19 treatments or tests, and contained limitations that would likely exclude China from any waiver, one of the sources said. Spokespersons for the WTO and the US Trade Representative’s office did not immediately respond to requests for comment.

The tentative deal comes after months of negotiations over how to accelerate COVID-19 vaccine production in developing countries, where vaccination rates have lagged far behind wealthy countries.

 

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