Categories: GlobalHealthLatest

WTO Chief Okonjo-Iweala Calls for Diversification of Vaccine Production

The head of the World Trade Organisation is calling for the diversification of vaccine manufacturing and to have more production taking place in Africa and Latin America to contain the pandemic.

On the eve of a global health summit in Rome, WTO Director-General Ngozi Okonjo-Iweala told European Union legislators that normal market forces for exports and imports couldn’t apply when it comes to the life-or-death issue of Covid-19 vaccines, as many of the world’s wealthiest nations were hoarding the shots for their own population when the crisis hit their home turf.

She said the world has the capacity to manufacture some 5 billion vaccine doses overall but that as the virus has spread “we require twice and three times that. So the capacity was not there.”

One of the main challenges is diversifying vaccine production, which is now 80% concentrated in 10 European, North American and South Asian nations, Okonjo-Iweala said, calling the situation a problem that “has come home to roost.”

“It’s not normal that Africa, with 1.3 billion people, has 0.17 % of the manufacturing capacity of the world,” she said. “So this has to change.” She added that Latin America has about 2% of global production capacity.

The summit set for Friday, co-hosted by the European Union’s executive arm and Italy, is expected to draw Group of 20 industrial and emerging market nations, the heads of international organizations and representatives of global health bodies.

The European Union is set to raise many of the same points Okonjo-Iweala made, specifically looking to increase manufacturing production in Africa.

EU nations have criticised a call by the United States to waive Covid-19 vaccine patents as a way to increase supplies, arguing the move would yield no short-term or intermediate improvement and could even have a negative impact.

Okonjo-Iweala sought to remain neutral on the issue, but said WTO members could find flexibility to make sure more vaccines are produced in developing nations.

Follow us on:

AriseNews

Recent Posts

Netanyahu Risks Arrest in UK as ICC Issues Warrant Against Him For War Crimes

Israeli PM Netanyahu faces potential arrest in the UK as Downing Street pledges to fulfill…

10 mins ago

Second Australian Teen Dies from Suspected Methanol Poisoning in Laos

A second Australian teenager has died of suspected methanol poisoning in Laos, bringing to six…

17 mins ago

Simon Ekpa Arrested, Denies Being IPOB Leader + Atiku Says Tinubu’s Loans Are Bone-Crushing – Trending With Ojy Okpe

https://www.youtube.com/watch?v=mFlFl1mPGC8 The arrest of self-proclaimed Prime minister of the Biafra Republic, Simon Ekpa who was…

49 mins ago

Gatwick Airport South Terminal Evacuated, Bomb Disposal Team Deployed Suspicious Item Found In Luggage

Gatwick Airport's South Terminal was evacuated after a suspected prohibited item was found, prompting bomb…

1 hour ago

Trump Considers Kevin Warsh for Treasury Secretary, Role Of Chairman Of Federal Reserve

Trump is considering Kevin Warsh for Treasury Secretary, with a future possibility of him becoming…

4 hours ago

Hyundai Recalls 145,235 Electrified Vehicles In The US Due To Power Loss Issue

Hyundai has recalled 145,235 electrified vehicles in the US. due to potential loss of drive…

4 hours ago