Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Business
    3. >A year after COVID vaccine waiver proposal, WTO talks are deadlocked
    Business

    A Year After Covid Vaccine Waiver Proposal, WTO Talks Are Deadlocked

    Published by maria gbaf

    Posted on October 5, 2021

    2 min read

    Last updated: January 31, 2026

    Add as preferred source on Google
    An illustration depicting cybersecurity challenges faced by businesses, highlighting the need for robust data protection measures in the banking and finance sectors.
    Cybersecurity measures in a digital landscape - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Quick Summary

    WTO's COVID vaccine waiver talks remain stalled, with over 100 countries supporting it for vaccine equity. Key nations urge progress amid supply chain concerns.

    WTO Stalemate on COVID Vaccine Waiver Proposal Persists

    By Emma Farge

    GENEVA (Reuters) – A year after South Africa and India introduced a novel proposal https://www.reuters.com/article/us-health-coronavirus-wto/india-and-south-africa-ask-wto-to-waive-rules-to-aid-covid-19-drug-production-idUSKBN26P0H1 to temporarily waive intellectual property rights on COVID-19 vaccines and therapies at the World Trade Organization, negotiations are deadlocked and directionless, trade sources said on Monday after a meeting on the topic.

    More than 100 countries backing the waiver say it will help save lives by allowing developing countries to produce COVID-19 vaccines. But a handful of countries, including some hosting major pharmaceutical firms such as Switzerland, remain opposed. Washington threw its weight behind the proposal https://www.reuters.com/business/healthcare-pharmaceuticals/us-trade-chief-says-wto-vaccine-talks-should-remove-obstacles-production-2021-05-12 in May, raising expectations of a breakthrough that has so far failed to materialise.

    At a closed-door TRIPS Council meeting on the waiver on Monday, Norway’s Dagfinn Sorli seemed frustrated and asked delegates: “Where do we go from here?,” according to three trade sources who attended.

    He urged delegates to come forward quickly with advice on next steps, the sources added. “I definitely need your advice,” he told them.

    China in the same meeting described the discussions as circular, with no real progress achieved, according to one of the sources attending. India’s delegate said that some members had done everything in their power to avoid meaningful engagement, the source added.

    The meeting was the penultimate scheduled session on the waiver ahead of a major ministerial conference in November-December which provides a rare opportunity for new trade deals, such as on intellectual property, to be finalised.

    WTO Director-General Ngozi Okonjo-Iweala has identified solutions to vaccine inequity as a priority for the global trade body, which has been facing questions recently about its relevance.

    Medical charity Medecins Sans Frontieres said in a statement on Friday that the administration of U.S. President Joe Biden should urge countries that remain opposed to the waiver to change their stance.

    “This would pave the way for additional manufacturers to help increase the production and supply of these lifesaving medical tools and meet the global need,” it said.

    Opponents said in Monday’s discussions that it was not yet clear that a waiver would help remove barriers to vaccine equity such as raw material scarcity and supply chain issues, according to the sources.

    (Reporting by Emma Farge, Editing by Rosalba O’Brien)

    Key Takeaways

    • •WTO talks on COVID vaccine waiver are deadlocked.
    • •Over 100 countries support the waiver for vaccine equity.
    • •Key nations like the US back the proposal, but progress is slow.
    • •Opponents cite raw material and supply chain issues.
    • •Upcoming ministerial conference may offer resolution.

    Frequently Asked Questions about A year after COVID vaccine waiver proposal, WTO talks are deadlocked

    1What is the main topic?

    The article discusses the deadlock in WTO talks regarding a COVID vaccine waiver proposal aimed at improving global vaccine equity.

    2Why is the waiver proposal important?

    The waiver could allow developing countries to produce COVID-19 vaccines, potentially saving lives by increasing vaccine access.

    3What are the main obstacles to the waiver?

    Opponents argue that a waiver may not address issues like raw material scarcity and supply chain challenges.

    More from Business

    Explore more articles in the Business category

    Image for How Minky Couture Turned Repeat Purchases and NFL Licensing Into a Breakout Consumer Growth Story
    How Minky Couture Turned Repeat Purchases and Nfl Licensing Into a Breakout Consumer Growth Story
    Image for Nominate Now: Chairman of the Year 2026
    Nominate Now: Chairman of the Year 2026
    Image for Submit Your Entry Today for CEO of the Year 2026
    Submit Your Entry Today for CEO of the Year 2026
    Image for Submit Your Entry Today for Best Management Team 2026
    Submit Your Entry Today for Best Management Team 2026
    Image for Nominate Your Team: Best Innovation Management Team 2026
    Nominate Your Team: Best Innovation Management Team 2026
    Image for Submit Your Entry for Years of Excellence Awards 2026
    Submit Your Entry for Years of Excellence Awards 2026
    Image for Nominations Open for Travel & Hospitality Awards 2026
    Nominations Open for Travel & Hospitality Awards 2026
    Image for Submit Your Entry Today for Telecom Awards 2026
    Submit Your Entry Today for Telecom Awards 2026
    Image for Submit Your Entries for The Next 100 Global Awards 2026
    Submit Your Entries for the Next 100 Global Awards 2026
    Image for Submit Your Entry: Public Sector & Governance Excellence Awards 2026
    Submit Your Entry: Public Sector & Governance Excellence Awards 2026
    Image for Nominations Invited for Real Estate Development Awards 2026
    Nominations Invited for Real Estate Development Awards 2026
    Image for Submit Your Entry: Process & Product Awards 2026
    Submit Your Entry: Process & Product Awards 2026
    View All Business Posts
    Previous Business PostFactbox: Electric-Vehicle Batteries: Major Players and Their Expansion Plans
    Next Business PostJPMorgan Bans Business Travel for Unvaccinated U.S. Employees – Memo