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Posted by Latest Market Trends on July 16, 2024 at 12:24pm 0 Comments 0 Likes
GENEVA: A deal on an intellectual property waiver for COVID-19 vaccines at the World Trade Organization (WTO) was no closer to acceptance on Monday despite Washington's backing, due to expected scepticism about a new draft, sources close to the talks told Reuters.
Negotiations reopened at the WTO on Monday, focused on a highly anticipated revised draft submitted by India, South Africa and dozens of other developing countries last week.
A surprise US shift earlier this month to support a patent waiver heaped pressure on remaining opponents like the European Union and Switzerland that are home to numerous drugmakers. But Monday's discussions - the 11th session since the initial waiver proposal in October - failed to achieve a breakthrough.
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