Context
India runs the risk of being excluded from a proposal it co-authored at WTO negotiations, in 2020, to “temporarily waive” IPR held, by primarily Western countries, on vaccines, therapeutics and diagnostics for covid-19.
Background
Idea Behind proposal:
TRIPS — Trade-Related Aspects of Intellectual Property Rights:
This provision, commonly known as "compulsory licensing," was already included in the TRIPS Agreement and the Doha Declaration only clarified its use. According to Section 92 of the Indian Patents Act of 1970, the central government has the power to issue compulsory licenses at any time in the case of a national emergency or extreme urgency.
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Why India’s economic diplomacy failed?
Verifying, please be patient.