South Africa, EU hold u2018intense talksu2019
South Africa, EU hold u2018intense talksu2019

South Africa, EU hold ‘intense talks’

Phillepus Uusiku
The European Union and South Africa are in “intense talks” on how to increase the availability of vaccines to developing countries, potentially breaking a year-long global deadlock on the topic, an EU official said on Thursday.

The two have been on either side of the debate at the World Trade Organization South Africa championing a waiver of intellectual property (IP) rights and the European Union resisting and saying there is sufficient flexibility in existing rules.

The WTO wants to reach an agreement on global trade’s response to the pandemic at its ministerial conference in Geneva from Nov. 30 to Dec. 3.

European Commission official Antonio Fernandez-Martos told the trade committee of the European Parliament in a debate on the WTO that the European Union did not support a broad waiver of IP rights.

However, he said other WTO members were encouraging the EU to continue the “very intense work” it is conducting with proponents of the IP waiver, and notably South Africa.

“We’re in intense talks with them around the idea of facilitating compulsory licencing,” he told the parliamentary committee, referring to a system in which a government allows manufacture of a patented product without the consent of the patent owner.

“I can tell you that we are ready to go beyond what we have put on the table, because I think this is what can actually deliver increased manufacturing and more equitable distribution of vaccines and therapeutics,” he continued.

WTO members held talks on the topic on Wednesday and Thursday, and a Geneva-based trade official said there were encouraging signs that members were engaging in the discussion more constructively after months of discord.

South Africa, the official said, suggested WTO members move beyond a binary approach of choosing either the waiver or the EU proposal.

WTO director-general Ngozi Okonjo-Iweala said on Thursday that talks on a waiver were “stuck”, but informal consultations were intensifying. She expressed her belief that members could find a pragmatic compromise.

“It’s too early to say whether middle ground can be found. It’s not like buying a carpet and you find a mid-point. Any agreement would require conceptual shifts,” one delegate said of the EU-South Africa talks. -Nampa/Reuters

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Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 332.14/OZ UP +0.68% | Copper US$ 4.51/lb UP +1.75% | Zinc US$ 2 867.60/T UP 0.22% | Brent Crude Oil US$ 88.89/BBP UP +1.02% | Platinum US$ 914.69/OZ UP +1.39% Sport results: Premier League: Manchester United 4 vs 2 Sheffield United | Everton 2 vs 0 Liverpool | Crystal Palace 2 vs 0 Newcastle | Wolves 0 vs 1 Bournemouth | Arsenal 5 vs 0 Chelsea LaLiga: Sevilla 2 vs 1 Mallorca SerieA: Udinese 1 vs 2 AS Roma | AC Milan 1 vs 2 Inter Milan | AS Roma 1 vs 3 Bologna European Championships Qualifying: Coventry City 2 vs 3 Hull City | Leicester City 5 vs 0 Southampton | Middlesbrough 3 vs 4 Leeds United English Championship: Coventry City 2 vs 3 Hull City | Leicester City 5 vs 0 Southampton | Middlesbrough 3 vs 4 Leeds United Weather: Katima Mulilo: 15° | 34° Rundu: 15° | 34° Eenhana: 15° | 35° Oshakati: 17° | 34° Ruacana: 17° | 35° Tsumeb: 18° | 33° Otjiwarongo: 14° | 31° Omaruru: 17° | 34° Windhoek: 15° | 29° Gobabis: 17° | 31° Henties Bay: 15° | 21° Wind speed: 22km/h, Wind direction: S, Low tide: 10:02, High tide: 04:02, Low Tide: 22:08, High tide: 16:27 Swakopmund: 15° | 16° Wind speed: 27km/h, Wind direction: SW, Low tide: 10:00, High tide: 04:00, Low Tide: 22:06, High tide: 16:25 Walvis Bay: 15° | 23° Wind speed: 35km/h, Wind direction: SW, Low tide: 10:00, High tide: 03:59, Low Tide: 22:06, High tide: 16:24 Rehoboth: 16° | 31° Mariental: 19° | 32° Keetmanshoop: 19° | 32° Aranos: 20° | 33° Lüderitz: 14° | 25° Ariamsvlei: 18° | 31° Oranjemund: 14° | 21° Luanda: 26° | 29° Gaborone: 18° | 31° Lubumbashi: 12° | 26° Mbabane: 15° | 20° Maseru: 12° | 26° Antananarivo: 14° | 26° Lilongwe: 14° | 27° Maputo: 20° | 27° Windhoek: 15° | 29° Cape Town: 16° | 24° Durban: 18° | 23° Johannesburg: 18° | 25° Dar es Salaam: 23° | 26° Lusaka: 18° | 29° Harare: 15° | 29° Economic Indicators: Currency: GBP to NAD 23.74 | EUR to NAD 20.39 | CNY to NAD 2.62 | USD to NAD 19.01 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.34 | EGP to NAD 0.39 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.72 | ZWL to NAD 0.04 | BRL to NAD 3.72 | RUB to NAD 0.21 | INR to NAD 0.23 | USD to DZD 134.41 | USD to AOA 834.06 | USD to BWP 13.85 | USD to EGP 47.85 | USD to KES 134.48 | USD to NGN 1277.03 | USD to ZAR 19.01 | USD to ZMW 26.4 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 74513.94 Up +0.68% | Namibian Stock Exchange (NSX) Overall Index 1545.38 Up +1.53% | Casablanca Stock Exchange (CSE) MASI 13346.81 Up +0.49% | Egyptian Exchange (EGX) 30 Index 25917.59 Down -3.21% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 332.14/OZ UP +0.68% | Copper US$ 4.51/lb UP +1.75% | Zinc US$ 2 867.60/T UP 0.22% | Brent Crude Oil US$ 88.89/BBP UP +1.02% | Platinum US$ 914.69/OZ UP +1.39%