fbpx

Initiative to waive TRIPS protection for COVID-19 vaccines

  • IASbaba
  • May 7, 2021
  • 0
UPSC Articles
Print Friendly, PDF & Email

Initiative to waive TRIPS protection for COVID-19 vaccines

Part of: GS Prelims And GS-II – International Relations; Health 

In news

  • USA will support an initiative at the World Trade Organisation (WTO) to waive Trade Related Intellectual Property Rights (TRIPS) protection for COVID-19 vaccines.

Important value additions

The Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) 

  • It is an international legal agreement between all the member nations of the World Trade Organization (WTO).
  • It establishes minimum standards for the regulation by national governments of different forms of intellectual property (IP) as applied to nationals of other WTO member nations.
  • TRIPS was negotiated at the end of the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) between 1989 and 1990 and is administered by the WTO.

For a dedicated peer group, Motivation & Quick updates, Join our official telegram channel – https://t.me/IASbabaOfficialAccount

Search now.....