WTO Members Address TRIPS Implementation Review, Discuss Pandemic Preparedness
Geneva, 8 November 2024 – WTO members today concluded two days of discussions on the implementation of the World Trade Organization’s (WTO) Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS). The discussions covered a wide range of topics, including the protection of intellectual property rights, the promotion of innovation, and the access to medicines.
Members also discussed the WTO’s role in promoting pandemic preparedness. They welcomed the progress that had been made in developing a new international pandemic treaty, and they called for continued cooperation to ensure that the world is better prepared for future pandemics.
The TRIPS Agreement is an international legal agreement that sets out minimum standards for the protection of intellectual property rights. The agreement covers a wide range of intellectual property rights, including patents, copyrights, trademarks, and trade secrets.
The TRIPS Agreement is a complex and controversial agreement. Some members argue that the agreement is necessary to protect intellectual property rights and to promote innovation. Others argue that the agreement is too restrictive and that it prevents access to medicines and other essential products.
The WTO Secretariat has been conducting a review of the implementation of the TRIPS Agreement. The review is intended to assess the impact of the agreement on trade, development, and access to medicines. The review is expected to be completed in 2025.
The WTO is also working to promote pandemic preparedness. In 2021, the WTO launched a new initiative to develop a new international pandemic treaty. The treaty would create a legally binding framework for pandemic preparedness and response.
The WTO’s work on pandemic preparedness is part of its broader efforts to promote global health. The WTO has been working to ensure that trade does not impede the flow of essential medical supplies and to facilitate the development and production of vaccines and other medical products.
The WTO’s discussions on TRIPS implementation and pandemic preparedness are part of its ongoing work to promote trade and development. The WTO is committed to ensuring that trade benefits all members and that the world is better prepared for future pandemics.
WTO members address TRIPS implementation review, discuss pandemic preparedness
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