German Chancellor Olaf Scholz reacts after a Q&A round during the Global Solutions Summit 2022 in Berlin on March 28.ANNEGRET HILSE/Reuters
German Chancellor Olaf Scholz said on Monday he did not agree with a planned intellectual property waiver for COVID-19 vaccines as patents are a crucial way of encouraging companies to continue pushing ahead with new research.
The waiver drafted by the United States, European Union, India and South Africa earlier in March would need formal approval from the WTO’s 164 member countries, including Germany, before being adopted.
The potential waiver deal followed months of negotiations over how to accelerate COVID-19 vaccine production in developing countries, where vaccination rates have lagged wealthy countries.
Scholz, speaking at a news conference, said that a better way of making vaccines accessible in emerging economies would be to transfer vaccine production facilities to Africa.
Our Morning Update and Evening Update newsletters are written by Globe editors, giving you a concise summary of the day’s most important headlines. Sign up today.