The US said on Wednesday at the World Trade Organisation that it backed a temporary intellectual property waiver for Covid vaccines.
The move could allow suppliers in other countries to produce generic shots and speed up vaccinations before more coronavirus variants emerge.
The new stance marks an about-face on the position the US has held since October.
Washington sought to block a proposal to temporarily waive patent protections for vaccines, which was introduced by South Africa and India with the backing of more than 100 countries.
“This is a global health crisis and the extraordinary circumstances of the Covid-19 pandemic call for extraordinary measures,” US trade representative Katherine Tai said.
“The administration believes strongly in intellectual property protections but in service of ending this pandemic, supports the waiver of those protections for Covid-19 vaccines.”
The WTO convened in Geneva on Wednesday for a two-day meeting that largely focused on the waiver issue.
By dropping its opposition to the waiver, US President Joe Biden's administration opens a path for negotiations on its content, which Ms Tai said “will take time given the consensus-based nature” of the WTO.
Many other wealthy countries, particularly in Europe, are also on record as opposing the waiver, but Washington's backing is a significant first step on the path to an agreement.
Many of the key Covid vaccine makers, such as Pfizer, Moderna and Johnson & Johnson, are based in the US.
World Health Organisation Director-General Dr Tedros Adhanom Ghebreyesus called it a "monumental moment" in the pandemic.
“I commend the United States on its historic decision for vaccine equity and prioritizing the well-being of all people everywhere at a critical time," Dr Tedros said in a statement after the news.
"Now let's all move together swiftly, in solidarity, building on the ingenuity and commitment of scientists who produced life-saving Covid-19 vaccines.”
Diego Felipe, a spokesman for Doctors Without Borders, said the waiver should allow other companies to produce generic versions of Covid vaccines at cheaper rates, ensuring greater supply and accessibility.
"We all agree that we need diversification of production of vaccines, treatments and diagnostics," Mr Felipe told The National last month.
“Intellectual properties are one of the biggest bottlenecks.
“In our historical experience with other epidemics, we have clearly seen that, thanks to excessive intellectual property protections, there were a lot of delays in the production of alternative suppliers and cheaper versions, including for vaccines.”
Only 8 per cent of the global population has been fully vaccinated.
More than 80 per cent of those vaccinations have been administered in higher-income countries and less than 1 per cent has been given in low-income countries.
“There are figures that indicate that 85 countries will not get any significant levels of vaccination until 2023 if we keep this very same speed,” Mr Felipe said.
“In order to accelerate vaccination we need more supply options and that’s not coming true if we’re not taking political actions.
“Some companies like Pfizer even announced that they plan to increase the price of the doses.
"And we have seen over and over during past epidemics that these monopolies, this excessive overpricing of health technologies, not only creates problems in terms of the public health response but has pushed a lot of people into poverty.”
Disclosure forms indicate that Pfizer and other pharmaceutical companies have lobbied Congress against such a waiver.
They say that waiving intellectual property protection, even temporarily, stifles innovation.
But the Biden administration has come under pressure to back the waiver from left-leaning Democrats in Congress.
More than 100 House members sent a letter to Mr Biden last week urging him to drop opposition to the waiver.
Ten senators, led by Bernie Sanders of Vermont, also signed a similar letter to Mr Biden earlier in April.
Ms Tai pledged that the US would increase vaccine manufacturing and distribution, while raising the volume of raw materials needed to produce the vaccines.
After initial reluctance, the US agreed to send raw materials needed to produce the AstraZeneca vaccine to India, to help it cope with its surge in Covid cases.
Last month, the Biden administration appointed Gayle Smith, the former administrator for the US Agency for International Development, to oversee Washington's global vaccine diplomacy as it makes great progress in inoculating its population.
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UAE currency: the story behind the money in your pockets
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Killing of Qassem Suleimani
If you go
The flights
There are various ways of getting to the southern Serengeti in Tanzania from the UAE. The exact route and airstrip depends on your overall trip itinerary and which camp you’re staying at.
Flydubai flies direct from Dubai to Kilimanjaro International Airport from Dh1,350 return, including taxes; this can be followed by a short flight from Kilimanjaro to the Serengeti with Coastal Aviation from about US$700 (Dh2,500) return, including taxes. Kenya Airways, Emirates and Etihad offer flights via Nairobi or Dar es Salaam.
Read more about the coronavirus
More coverage from the Future Forum
'My Son'
Director: Christian Carion
Starring: James McAvoy, Claire Foy, Tom Cullen, Gary Lewis
Rating: 2/5
What is a robo-adviser?
Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.
These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.
Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.
Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
The specs: 2018 Nissan Patrol Nismo
Price: base / as tested: Dh382,000
Engine: 5.6-litre V8
Gearbox: Seven-speed automatic
Power: 428hp @ 5,800rpm
Torque: 560Nm @ 3,600rpm
Fuel economy, combined: 12.7L / 100km
SERIES INFO
Afghanistan v Zimbabwe, Abu Dhabi Sunshine Series
All matches at the Zayed Cricket Stadium, Abu Dhabi
Test series
1st Test: Zimbabwe beat Afghanistan by 10 wickets
2nd Test: Wednesday, 10 March – Sunday, 14 March
Play starts at 9.30am
T20 series
1st T20I: Wednesday, 17 March
2nd T20I: Friday, 19 March
3rd T20I: Saturday, 20 March
TV
Supporters in the UAE can watch the matches on the Rabbithole channel on YouTube
SQUADS
Bangladesh (from): Shadman Islam, Mominul Haque, Soumya Sarkar, Shakib Al Hasan (capt), Mahmudullah Riyad, Mohammad Mithun, Mushfiqur Rahim, Liton Das, Taijul Islam, Mosaddek Hossain, Nayeem Hasan, Mehedi Hasan, Taskin Ahmed, Ebadat Hossain, Abu Jayed
Afghanistan (from): Rashid Khan (capt), Ihsanullah Janat, Javid Ahmadi, Ibrahim Zadran, Rahmat Shah, Hashmatullah Shahidi, Asghar Afghan, Ikram Alikhil, Mohammad Nabi, Qais Ahmad, Sayed Ahmad Shirzad, Yamin Ahmadzai, Zahir Khan Pakteen, Afsar Zazai, Shapoor Zadran
SPECS
Engine: Two-litre four-cylinder turbo
Power: 235hp
Torque: 350Nm
Transmission: Nine-speed automatic
Price: From Dh167,500 ($45,000)
On sale: Now
The specs: 2017 Lotus Evora Sport 410
Price, base / as tested Dh395,000 / Dh420,000
Engine 3.5L V6
Transmission Six-speed manual
Power 410hp @ 7,000rpm
Torque 420Nm @ 3,500rpm
Fuel economy, combined 9.7L / 100km
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