The WTO is now considering waiving the Agreement on Trade-Related Aspects of Intellectual Property Rights, or TRIPS, with regard to Covid-19 diagnostics and treatments. This follows on a similar action taken by WTO to lift these long-standing protections for those who developed the Covid-19 vaccines. In response, the Global Alliance for Patient Access joined with other stakeholder organizations to submit a letter of opposition to the United States Trade Representative, requesting that the Biden Administration reconsider its support for this unnecessary policy.
Opponents of the so-called TRIPS waiver note that the proposal in misguided for the following reasons:
The protection of intellectual property bolsters, rather than hinders, patient access through the pandemic and beyond. These protections encourage investment in research and development in new life-saving treatments for patients who desperately need them and continues to bring hope to patients for future treatments.
To learn more read: Fast Facts: Covid-19 Vaccination in Developing Countries.
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