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On January 23, 2017 an amendment to the WTO Trade Related
Aspects of Intellectual Property Rights (TRIPS) was passed. Five
members of the WTO, creating the two-thirds requirement, passed an
amendment to adapt the rules of the global trading system to better
meet the health needs of people in poor countries. This amendment
will give legal assurance that generic medicine can be exported at
reasonable prices to the people of countries who have no or limited
pharmaceutical production ability. This will help those dealing
with diseases such as HIV/AIDS, tuberculosis, malaria and other
health epidemics have access to the drugs that can managed or cure
their conditions. (“World Trade Organization”, n.d.)
Although this amendment legally states that generic
medications can be exported at reasonable prices to those in need,
some experts believe this change alone will have limited impact
without further action from the WTO. The organization needs to
simplify the application, provide legal support to countries
applying for aid, support the development of the low cost new drugs
and require pharmaceutical manufacturers to become more transparent
with their piece setting decisions. (“Trips”, n.d.)
The UN has defined 49 countries in Africa, Asia
Pacific and the Caribbean as the least developed and without the
resources required to produce much needed medications domestically,
this new ruling will be life changing for so many. References:
TRIPS drug amendment a start. (n.d.). Retrieved April 09,
2018, from
https://cmajnews.com/ (Links to an external site.)
2017/01/30/trips-drug-amendment-a-start-cmaj-109-5391/ WORLD
TRADE ORGANIZATION. (n.d.). Retrieved April 09, 2018, from
https://
(Links to an external site.)
www.wto.org/english/news_e/news17_e/trip_23jan17_e.htm
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