WTO

On the occasion of the WTO’s 25th anniversary, a number of representatives of the private sector, international organizations and non-governmental organizations have provided video messages where they reflect on what the WTO and the multilateral trading system means to them. They provide their thoughts on how to ensure trade continues to support economic growth, development and job creation and what they expect from the global trading system in the future.

The WTO is organizing on 24 November 2020 a virtual symposium to mark the 25th Anniversary of the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS Agreement). This will be the first of a series of commemorative events reflecting on the impact and evolution of the most comprehensive multilateral treaty on intellectual property protection and enforcement.

During the October 2020 TRIPS Council meeting, 40 TRIPS Council members discussed a proposal submitted by India and South Africa for a temporary waiver of a broad range of TRIPS obligations. The sponsors argued that this could facilitate the global response to COVID-19. The proposal endorses a waiver for all WTO members of the implementation, application, and enforcement of certain provisions of the TRIPS Agreement – including all the patent protection and enforcement provisions – in order to enhance access to new therapeutics, vaccines, and diagnostics. This proposal warrants careful examination. IP rights will be an important tool underpinning the collaborations required to develop and get the relevant technologies to patients everywhere, and quickly. They can be expected to play a constructive and important role, thus accelerating the global COVID response.

The WTO Secretariat published this new information note warning of possible increases to trade costs due to COVID-19 disruptions. The note examines the pandemic’s impact on key components of trade costs, particularly those relating to travel and transport, trade policy, uncertainty, and identifies areas where higher costs may persist even after the pandemic is contained.