<p>India has pitched for an early outcome of the TRIPS waiver proposal for Covid-19 vaccines, therapeutics and diagnostics in the World Trade Organisation (WTO), an official release said on Saturday.</p>.<p>Addressing a meeting, which was attended by trade and economic ministers of BRICS countries on Friday, Commerce and Industry Minister Piyush Goyal also stressed on finding a permanent, adequate and equitable solution to the public stock holding programmes for food security purposes.</p>.<p>He also asked for adoption of emerging new technologies in a swiftly changing world while finding solutions to the challenges of data protection and cyber security; and ensuring sustainable consumption and production patterns.</p>.<p><strong>Read more: <a href="https://www.deccanherald.com/national/negative-rt-pcr-report-required-for-travelling-from-india-to-turkey-1027008.html" target="_blank">Negative RT-PCR report required for travelling from India to Turkey </a></strong></p>.<p>The minister "emphasized, amongst other things, on the need for a permanent, adequate and equitable solution to the Public Stock Holding programmes for food security purposes; early outcome of the TRIPS Waiver proposal for vaccines," the release said.</p>.<p>In October 2020, India and South Africa had submitted the first proposal, suggesting a waiver for all WTO (World Trade Organisation) members on the implementation of certain provisions of the TRIPs Agreement in relation to the prevention, containment or treatment of Covid-19. In May this year, a revised proposal was submitted by 62 co-sponsors, including India, South Africa, and Indonesia. The agreement on Trade-Related Aspects of Intellectual Property Rights or TRIPs came into effect in January 1995. It is a multilateral agreement on intellectual property (IP) rights such as copyright, industrial designs, patents and protection of undisclosed information or trade secrets.</p>.<p>Further the minister has said that the BRICS countries should work together for strengthening the multilateral system, stating that there is a need for a balanced and inclusive outcome in the forthcoming WTO Ministerial Conference.</p>.<p>The BRICS countries have endorsed the Framework for Cooperation in Trade in Professional Services with the objectives of enhancing domestic capacity and global competitiveness, promoting participation in intra-BRICS mobility of professionals and enhancing trade in professional services.</p>.<p>All BRICS members could for the first time reach a consensus for jointly working towards protection of genetic resources, traditional knowledge, it added.</p>.<p>"In this era of exponential jump in the use of ecommerce and online electronic transactions, the convergence to draw a common Action plan amongst BRICS countries will help to promote exploring practical options for ensuring consumer protection," it said.</p>
<p>India has pitched for an early outcome of the TRIPS waiver proposal for Covid-19 vaccines, therapeutics and diagnostics in the World Trade Organisation (WTO), an official release said on Saturday.</p>.<p>Addressing a meeting, which was attended by trade and economic ministers of BRICS countries on Friday, Commerce and Industry Minister Piyush Goyal also stressed on finding a permanent, adequate and equitable solution to the public stock holding programmes for food security purposes.</p>.<p>He also asked for adoption of emerging new technologies in a swiftly changing world while finding solutions to the challenges of data protection and cyber security; and ensuring sustainable consumption and production patterns.</p>.<p><strong>Read more: <a href="https://www.deccanherald.com/national/negative-rt-pcr-report-required-for-travelling-from-india-to-turkey-1027008.html" target="_blank">Negative RT-PCR report required for travelling from India to Turkey </a></strong></p>.<p>The minister "emphasized, amongst other things, on the need for a permanent, adequate and equitable solution to the Public Stock Holding programmes for food security purposes; early outcome of the TRIPS Waiver proposal for vaccines," the release said.</p>.<p>In October 2020, India and South Africa had submitted the first proposal, suggesting a waiver for all WTO (World Trade Organisation) members on the implementation of certain provisions of the TRIPs Agreement in relation to the prevention, containment or treatment of Covid-19. In May this year, a revised proposal was submitted by 62 co-sponsors, including India, South Africa, and Indonesia. The agreement on Trade-Related Aspects of Intellectual Property Rights or TRIPs came into effect in January 1995. It is a multilateral agreement on intellectual property (IP) rights such as copyright, industrial designs, patents and protection of undisclosed information or trade secrets.</p>.<p>Further the minister has said that the BRICS countries should work together for strengthening the multilateral system, stating that there is a need for a balanced and inclusive outcome in the forthcoming WTO Ministerial Conference.</p>.<p>The BRICS countries have endorsed the Framework for Cooperation in Trade in Professional Services with the objectives of enhancing domestic capacity and global competitiveness, promoting participation in intra-BRICS mobility of professionals and enhancing trade in professional services.</p>.<p>All BRICS members could for the first time reach a consensus for jointly working towards protection of genetic resources, traditional knowledge, it added.</p>.<p>"In this era of exponential jump in the use of ecommerce and online electronic transactions, the convergence to draw a common Action plan amongst BRICS countries will help to promote exploring practical options for ensuring consumer protection," it said.</p>