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Cabinet officials

India Looks Forward to Early Outcome on TRIPS Waiver Proposal for Vaccines, Therapeutics and Diagnostics

Strategic Insights

— 1 min read

Anupriya Patel, the Minister of State for Commerce and Industry, emphasized India's commitment to global vaccination efforts, stating that a strong and sustained global recovery is contingent upon an equitable vaccine roll-out. Addressing the 9th EAS-EMM via webinar, Patel highlighted India's success in administering over 740 million vaccine doses, while also acknowledging the challenges faced in the region. She called for meaningful partnerships, advanced technologies, and collaboration in vaccine and pharmaceutical production to combat the COVID-19 pandemic.

Key Takeaways:

  • India has administered over 740 million vaccine doses, with 70% of global vaccines produced in the country.
  • India looks forward to an early outcome on the TRIPS Waiver proposal for vaccines, therapeutics, and diagnostics.
  • Patel emphasized the need for global and equitable vaccine roll-out for a strong and sustained global recovery.
  • India is willing to collaborate with East Asian partners in vaccine production, generic drugs, and medical technologies used for COVID-19 treatment.
  • India endorses the concept of working towards ensuring transparent, trustworthy, and reliable supply chains.
  • Patel acknowledged the importance of regional and global value chains in the context of East Asia's economic strength.
  • India recognizes the need to strengthen the Multilateral Trading System and provide robust rules for global trade.
  • The country is celebrating its 75th year of independence through the "AzadikaAmritMahotsav" (Elixir of Energy of Independence) initiative.

Statistics:

  • Over 740 million vaccine doses administered in India.
  • 70% of global vaccines are produced in India.
  • India's GDP growth is expected to reach 8% in 2021, revised from the initial projection of 7% (Source: WTO).
  • India's vaccination effort is focused on ensuring a global and equitable vaccine roll-out.

Sources:

  • Press Release from the Ministry of Commerce and Industry, Government of India.
  • WTO (World Trade Organisation) press release.
  • ERIA (Economic Research Institute for ASEAN and East Asia) research papers and discussion notes.
  • Statement from Anupriya Patel, Minister of State for Commerce and Industry, India.

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