TRIPS Council to continue to discuss temporary IP waiver, revised proposal expected in May

At a meeting of the Council for Trade-Related Aspects of Intellectual Property Rights (TRIPS) on 30 April 2021, WTO members agreed to continue consideration of the proposal for a temporary waiver of certain TRIPS obligations in response to COVID-19 and tasked the chair to report to the General Council on this decision at its next meeting on 5-6 May. Co-sponsors of the proposal announced they will submit a revised version of the text initially submitted in October 2020 in a bid to reconcile positions.