This is an archive article published on February 23, 2022
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India risks being left out of TRIPS waiver

Prabhash Ranjan writes: Aside from being a failure of Indian diplomacy, exclusion would show that positions taken internationally must be backed by concrete action on the domestic front.

At a Covid-19 vaccination centre in Daryaganj, Old Delhi. (Express Photo: Abhinav Saha)At a Covid-19 vaccination centre in Daryaganj, Old Delhi. (Express Photo: Abhinav Saha)
Written by: Prabhash Ranjan
5 min readFeb 23, 2022 09:34 AM IST First published on: Feb 23, 2022 at 03:40 AM IST

While the developed world is rolling out booster doses for Covid-19, barely 11 per cent of Africans have been fully vaccinated. This statistic reveals the magnitude of global inequality that poses an existential threat to global capitalism, as Thomas Piketty warned. When the Covid-19 pandemic pounded the globe, India, with South Africa, piloted a proposal to waive key provisions of the Trade-Related Aspects of Intellectual Property Rights (TRIPS) agreement on Covid-19 vaccines, drugs, therapeutics, and related technologies.

The TRIPS agreement is part of the international legal order on trade enshrined in the World Trade Organization (WTO). The core idea behind the proposal is that intellectual property (IP) rights such as patents should not become a barrier in scaling up the production of medical products like vaccines, diagnostics and therapeutics essential to combat Covid-19. The WTO had a golden opportunity to accept this proposal and send out a loud message that it prioritised the right to health over the supranormal profits of pharmaceutical corporations. This would have enabled the WTO to keep itself from becoming irrelevant. It would have also allowed global capitalism to present a human face and demonstrate its adaptability to changing circumstances. Instead, the WTO floundered and has failed to adopt a TRIPS waiver to date. Now, we hear, that the developed world is talking of a TRIPS waiver that would be geographically limited and exclude India. There are also attempts at limiting the waiver to vaccines alone, leaving out diagnostics and therapeutics.

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