'Last few tweaks' being made to COVID IP waiver deal -WTO chief - 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 head of the World Trade Organisation told Reuters on Thursday that negotiations on an intellectual property deal for COVID-19 vaccines were ongoing between the four parties, saying they were seeking to agree on the proposal’s final terms.

Since the draft compromise emerged in the media a month ago, pressure from civil society groups has been rising for the parties – the United States, the European Union, India and South Africa – to walk away from the deal.

“People are saying the text is now being rejected. It is not true,” Director-General Ngozi Okonjo-Iweala told Reuters by telephone. Okonjo-Iweala, who took over the top job a year ago with a mandate to reinvigorate the 27-year-old institution, has been brokering the talks for the past few months in an effort to break a more than year-long stalemate at the WTO.

 

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