Posts tagged World Trade Organization
COVID-19 and Intellectual Property Rights: The Promises and Limitations of a WTO Vaccine Intellectual Property Waiver

Over the past year and a half, COVID-19 has ravaged the planet. However, in the past few months, while the developed world, spurred by high-efficacy vaccines, has enjoyed relative normalcy, the developing world has suffered the worst of the pandemic. This disparity has sparked debate around whether the World Trade Organization (WTO) should grant an Intellectual Property (IP) waiver for technology related to COVID-19 vaccine production. This waiver would protect national governments that issue a compulsory license—the right to produce a patented product—to its companies for the vaccine from legal action by other members. The resulting increase in producers would theoretically fuel a decrease in vaccine prices, making vaccines available to poorer nations.

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