In light of intellectual property rights and applicable international treaties, Saudi Arabia reiterated its support for cooperative international efforts through the World Trade Organization to ease access to Covid-19 vaccinations.
This support, according to the Saudi Authority for Intellectual Property, is part of Saudi Arabia’s efforts to combat the Coronavirus and to support worldwide efforts to contain the pandemic’s consequences.
Saudi Arabia’s dedication to international treaties and accords connected to intellectual property, including the TRIPS Agreement on Commercial Aspects of Intellectual Property Rights, is one of the most prominent of these activities, according to the report.
Make vaccines available to everyone
The authority added that “Saudi Arabia called at the meeting of the TRIPS Council held in Geneva on 30/04/2021 AD, through the permanent delegation to the World Trade Organization, that countries bear the responsibility to overcome this epidemic by making vaccines available to all at reasonable prices,
Saudi Arabia has pledged $500 million to help fulfill the global need for vaccinations, therapies, and diagnostic tools connected to Covid-19, as well as a $150 million commitment to the Coalition for Epidemic Preparedness Innovations (CEPI),
It has also contributed $150 million to the Global Alliance on Vaccination and Immunization (GAVI), and $200 million to other international and regional health organizations and programs.