Economic Indicators

‘Last few tweaks’ being made to COVID IP waiver deal: WTO chief

2022.04.15 00:21

'Last few tweaks' being made to COVID IP waiver deal: WTO chief
FILE PHOTO: World Trade Organization (WTO) director-general Ngozi Okonjo-Iweala attends a news conference in Geneva, Switzerland, October 4, 2021. REUTERS/Denis Balibouse

GENEVA (Reuters) – The head of the World Trade Organization told Reuters on Thursday that negotiations on an intellectual property deal for COVID-19 vaccines were ongoing between the four parties, saying they were seeking to agree on the proposal’s final terms.

Since the draft compromise emerged in the media a month ago, pressure from civil society groups has been rising for the parties — the United States, the European Union, India and South Africa — to walk away from the deal.

“People are saying the text is now being rejected. It is not true,” Director-General Ngozi Okonjo-Iweala told Reuters by telephone. “They are still trying to iron out the last things. It’s just the last few tweaks,” she said.

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