Washington D.C. – In response to reports that the U.S. Government will engage in negotiations at the World Trade Organization on a waiver for COVID-19 vaccines, National Foreign Trade Council (NFTC) President Rufus Yerxa released the following statement:
“Businesses support concrete policy efforts that have the potential to save lives and address the global COVID-19 crisis. We know more can be done by the private sector and governments to make vaccine distribution more equitable.
“But there is a deep concern with efforts to engage long-standing opponents of intellectual property in an exercise that could fundamentally weaken the global IP framework without contributing solutions to the COVID-19 crisis.
“We have confidence that America’s top trade diplomats will maintain a strict focus on supporting innovative industries’ ability to respond to this and future crises, and reject efforts to use the pandemic as an excuse to undermine IP.”
About the NFTC
Serving America’s Global Businesses Since 1914– The National Foreign Trade Council (www.nftc.org) is a leading business organization advocating an open, rules- based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves its member companies through its office in Washington D.C.