World trade organization
Ex-world leaders urge US to waive vaccine property rules
In an open letter to President Joe Biden published late Wednesday, the group said it was "gravely concerned by the very slow progress" in scaling up global...
The intellectual property plan was filed by India and South Africa on 2 October and garnered support from a host of developing countries which - correctly - anticipated being left behind in the vaccination race.
Her immediate goals are to ensure vaccines are produced and distributed worldwide, not just for rich nations, and to resist the push towards protectionism that worsened during the pandemic, so that free trade can help the economic recovery.
The move marks another sharp split with former president Donald Trump, who paralysed the organisation and opposed the candidacy of the former Nigerian finance minister who was backed by many other countries.
A WTO director-general from South Korea, at least in the warped Trump’s America view, would be much more easy to influence and push than a director-general from an African state like Nigeria, writes Yonela Diko.
Nigeria’s Dr Ngozi Okonjo-Iweala is one of the two remaining candidates for the position of World Trade Organization director general.
On the sidelines of the World Economic Forum in Davos, 76 countries and regions agreed on Friday to start negotiating this year on a set of open and predictable regulations.