More Vaccine Production Needs To happen In Africa, Latin America – Okonjo-Iweala

More Vaccine Production Need To happen In Africa, Latin America - Okonjo-Iweala

The Director-General, World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, says that African and Latin American countries need to actively participate in vaccine production to bridge the COVID-19 vaccine supply gap between rich and poor countries.

Speaking on the eve of a global health summit in Rome, Okonjo-Iweala told the European parliament that intellectual property waiver alone will not sufficient to narrow the huge gap in supply.

According to her, more effort is needed to ensure that there is equitable production and distribution of the vaccines.

Okonjo-Iweala told the world leaders that normal market forces for exports and imports were not applicable to COVID-19 vaccines as it was a life-or-death issue.

READ ALSO: Second Phase Of COVID-19 Vaccination Takes Off In Niger State

“It’s not normal that Africa, with 1.3 billion people, has 0.17 percent of the manufacturing capacity of the world,” she said. “So this has to change.” 

The WTO DG added, “I am convinced that we can agree on a text that gives developing countries that kind of access and flexibility, whilst protecting research and innovation.

“To have solved the unacceptable problem of inequity of access to vaccines, we have to be holistic. It’s not one or the other.”

She added, “One of the main challenges is diversifying vaccine production, which is now 80 per cent concentrated in 10 European, North American and South Asian nations.”

About Author

Ife Ogunfuwa is an award-winning reporter who is versed in reporting business and economy, technology, gadgets reviews, telecoms, tax, and business policy review, among others. She loves telling stories behind the numbers. She has professional certifications in business and financial reporting. You can reach her via – [email protected]

Comment here

This site uses Akismet to reduce spam. Learn how your comment data is processed.