Commerce and Industry minister Goyal reiterates call for IPR waiver at WTO

The TRIPS agreement came into effect in January 1995

Commerce and Industry MInister Piyush Goyal on Tuesday called for waiver of Intellectual Property Rights (IPR) in World Trade Organisation (WTO) and dismantling new trade barriers in the global fight against the Covid-19 pandemic.

In October 2020, India and South Africa had submitted the first proposal, suggesting a waiver for all WTO members on the implementation of certain provisions of the Trade-Related Aspects of Intellectual Property Rights (TRIPs) in relation to the prevention, containment or treatment of Covid-19.

In May, a revised proposal was submitted by 62 co-sponsors, including India, South Africa, and Indonesia. The TRIPS agreement came into effect in January