TRIPS Council welcomes MC12 TRIPS waiver decision, discusses possible extension

At a meeting of the Council for Trade-Related Aspects of Intellectual Property Rights (TRIPS) on 6 July, WTO members welcomed the adoption of the TRIPS waiver decision on COVID-19 vaccines at the 12th Ministerial Conference (MC12) and began discussions on a possible extension to cover the production and supply of COVID-19 diagnostics and therapeutics. Trade officials also exchanged views on how to promote IP licensing to benefit small businesses, inventors and other individuals.

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