Member countries of the World Trade Organisation (WTO) have been unable to agree on a proposal for a waiver from patents and other rules for efforts to combat the pandemic.
The initiative led by South Africa and India seeks to support the widespread production of Covid-19 vaccine treatments and medical equipment.
The WTO members agreed to continue the discussions.
The organisation's rules require member countries to protect patents and copyright, so that inventors can make a return on their investment.
But the Indian delegation at the WTO told a meeting that the world is not producing enough vaccines - despite the existence of several approved ones and unused manufacturing capacity.
The proposal to waive patent rules aims to make it easier for some poorer countries to produce vaccines themselves.
A number of rich countries, along with Brazil, oppose the proposed waiver.
They say patents are important incentives for innovation and they say the rules already have enough flexibility for the current crisis.
The Indian delegate said the waiver was being opposed by the same countries that had hoarded more vaccines than they needed, which was hindering a coordinated global programme.
Latest Stories
-
I am not ready to sign any artiste to my record label – Kuami Eugene
10 mins -
Gov’t spokesperson on governance & security calls for probe into ballot paper errors
14 mins -
Free dialysis treatment to be available in 40 facilities from December 1 – NHIA CEO
27 mins -
NHIA will need GHC57 million annually to fund free dialysis treatment – NHIA CEO
33 mins -
MELPWU signs first-ever Collective Agreement with government
59 mins -
I’ve not been evicted from my home – Tema Central MP refutes ‘unfounded’ reports
1 hour -
After Free SHS, what next? – Alan quizzes and pledges review to empower graduates
2 hours -
Wontumi FM’s Oheneba Asiedu granted bail
2 hours -
Alan promises to amend the Constitution to limit presidential powers
2 hours -
Ghana to face liquidity pressures in 2025, 2026 despite restructuring most of its debt – Fitch
2 hours -
NPP’s record of delivering on promises is unmatched – Bawumia
2 hours -
Mahama: It’s time to dismiss the incompetent NPP government
2 hours -
‘It’s extremely embarrassing’ – Ernest Thompson on Ghana’s AFCON failure
2 hours -
Today’s front pages: Monday, November 25, 2024
2 hours -
T-bill auction: Government misses target again; interest rates continue to rise
2 hours