Trade ministers from the Asia-Pacific are discussing ways to build back better from the pandemic.
and other tools needed to fight the pandemic are vital to crushing the pandemic and hastening a recovery, officials said Saturday in an online meeting of Pacific Rim economies.
“The successful distribution of vaccines across our region will be critical to our recovery," he said. That would be a substantial and immediate boost to the lagging COVAX effort, which to date has shared just 76 million doses with needy countries. Control of patents for the vaccines is a contentious issue. The U.S. has urged countries and pharmaceutical companies to waive COVID-19 patents to help increase supplies, and officials said they expected to discuss that issue during their talks this weekend.
“We're very mindful that the development of the intellectual property is what's enabled us to very quickly get vaccines developed, in a time we previously haven't seen across the globe," he said. “We have to respect that intellectual property."
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