Meeting for the first time since 2017, the WTO’s highest decision-making body managed to agree on some things – including its first treaty with environmental protection as the objective.
Waiving patent rights on COVID-19 vaccines and drugs is still crucial to ensure access globally, but the waiver on the table at the June World Trade Organization meeting doesn’t do the job.
Only 14% of people in poorer countries have received one vaccine dose, but a leaked WTO ‘solution’ to waive patents fails to ensure developing countries can access life-saving vaccines and medicines.
The US, Japan and other wealthy G-7 nations plan to remove Russia’s status as a most-favored nation. A trade expert explains what that term means and what might happen next.
Large-scale job losses in the US due to trade with China will lead to enduring demographic and political aftershocks without the implementation of policies that promote widespread job growth.
With the World Trade Organization’s 12th Ministerial Conference – arguably its most important ever – happening next week, attempts to keep it ‘on life support’ may be counterproductive.
Canada is conspicuously absent from the new security pact signed between the U.S., the U.K. and Australia on China. Is it time for Canada to take a page from the Australian playbook on managing China?
The WTO is set to wrap up negotiations on harmful fisheries subsidies This could help rebuild the oceans’ fish stocks, and support the communities that rely on them.
The G-7 nations, which include the US and UK, form the foundation of the modern global economy.
Australia’s Prime Minister wants reform of the World Trade Organization to rein in China’s ‘economic coercion’. But it also needs to constructively engage with China on that reform.
Despite some public virtue signalling, the Canadian government is not doing all it can to improve global access to COVID-19 vaccines. Canada has yet to announce its position on the WTO patent waiver.
The process will take months, if it’s even approved. But just the threat of waiving intellectual property rights could spur faster action.
The change in the US position signals how clearly the success of every country in fighting the pandemic depends on vaccinating the whole world.
Licensing agreements between pharmaceutical companies and the Medicines Patent Pool, in cooperation with the WHO, could accelerate access to doses for the poorest countries.
India and South Africa are pressing the World Trade Organization to waive patent rights to help ramp up vaccine production. There’s a better solution.
Australia has joined a handful of countries resisting a push to relax intellectual property rules related to COVID vaccines.
Hosted by Russia, the summit gave the BRICS group a chance to harmonise their approach before the G20 meeting in Riyadh.
A Biden presidency promises a return to multilateral trade agreements. But it remains to be seen how it approaches the World Trade Organisation.
As we stare down a second wave of COVID-19, there are far better alternatives to prevent shortages and ensure adequate supply of medical goods than trade restrictions.
Everyone who cares about marine biodiversity, fish, fishers, coastal communities and fishing industry workers of today and tomorrow must push for the end of fisheries subsidies.