Members approach text-based discussions for an urgent IP response to COVID-19

WTO members moved closer to a text-based process to address the proposals put forward by delegations aimed at improving the international response to COVID-19 and achieving the common goal of providing global equitable access to vaccines and other medical products. At the formal meeting of the Council for Trade-Related Aspects of Intellectual Property Rights (TRIPS) on 8-9 June, members also addressed the continued exemption for least-developed countries (LDCs) from TRIPS obligations, currently set to expire on 1 July 2021.