skip to Main Content
Thailand Calls For Lifting Of Intellectual Property Protection On COVID-19 Vaccines

Thailand Calls for Lifting of Intellectual Property Protection on COVID-19 Vaccines

BANGKOK (NNT) – Commerce Minister Jurin Laksanavisit has called for the lifting of intellectual property protection on COVID-19 vaccines, during a virtual meeting with trade ministers from Asia Pacific Economic Cooperation (APEC) countries.

He said Thailand supports compulsory licensing, which enables countries to start producing COVID-19 vaccines without seeking permission from the patent holder. Thailand will also push for COVID-19 vaccines to be removed from intellectual property protection lists, as per the Trade-Related Aspects of Intellectual Property Rights (TRIPS) agreement.

At the meeting, Minister Jurin said Thailand backs the WTO’s move to accelerate negotiations on vaccine production with the World Health Organization (WHO), and will help with the transportation of vaccines and other essential goods required in the battle against COVID-19.

Meanwhile, APEC said a trade mechanism to tackle the COVID-19 outbreak, multilateral free trade and a pathway to sustainability are required. The setting up of a COVID-19 vaccine supply chain, to facilitate the trade in vaccines and essential goods, is also necessary.

Information and Source
Reporter : Subhabhong Rarueysong
Rewriter : Hugh Brammar
National News Bureau & Public Relations : http://thainews.prd.go.th

Source link : Thailand Calls for Lifting of Intellectual Property Protection on COVID-19 Vaccines by National News Bureau of Thailand

Thailand Business News

Thailand News with a Business Perspective

Back To Top