goyal: Sad super profits of few pharma companies prevail over global good, response to Covid incomplete without patent waiver: Goyal | India News

GENEVA: The package of measures, which the World Trade Organisation (WTO) is negotiating here as part of the response to Covid-19 pandemic, must include the patent waiver proposal of India and South Africa as it would help in dealing with this disease, commerce and industry minister Piyush Goyal said on Monday, expressing concern that the “super profits of a few pharma companies prevail over global good”.
“For India, a response to the pandemic would not be complete without a TRIPS (Trade Related aspects of Intellectual Property Rights) waiver,” Goyal said here.
He was speaking at the thematic session in response to pandemic and TRIPS waiver at MC 12 (ministerial conference of the World Trade Organisation).
For the past year-and-a-half, Goyal said, India and South Africa and 63 co-sponsors of the waiver proposal had urged the WTO membership to adopt the TRIPS waiver proposal for…

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