The global economy relies on vaccination shortages: US trade chief | | Business and Financial Issues

Many parties to the US president want to provide a security vaccine, to persuade them.

U.S. Commerce Secretary Katherine Tai says making the vaccine more widely available worldwide is important in tackling the coronavirus epidemic and promoting economic recovery.

Speaking at a meeting of the Council of the United States on Tuesday, Tai said the world had done enough to end the epidemic but more work was yet to come.

“This includes making the vaccine widely available and addressing vaccine inequalities around the world,” he said. “This is not just a matter of personal life. Our economic stability depends on this. ”

Tai needs to discuss what developing countries want the World Trade Organization (WTO) to do away with for its intellectual property rights on the coronavirus vaccine at a WTO General Council meeting later this week.

They meet regularly with senior supervisors of vaccinators in recent days to discuss applications and ways to improve vaccination and dissemination.

Great distribution

White House Chief of Staff Ron Klain said Sunday that Tai “will begin discussions on how to get the vaccine more widely distributed, have more licenses, share more,” adding that more will be provided in the coming days.

Many Democrats in the U.S. House of Representatives and many Democratic cinemas urged President Joe Biden’s supervisors to support a smart vaccine, saying it could save lives and put people at the forefront of drug production.

Pharmaceutical companies consider these exceptions to be substantial and could set a precedent that could undermine future vaccine incentives.

Democrat Earl Blumenauer, head of the Ways and Means sub-committee, told reporters that Tai and other U.S. officials are trying to create a way forward and reduce the amount of support they need to help companies.

Representative Rosa DeLauro told reporters that she spoke to Secretary of Commerce Gina Raimondo early Wednesday and saw “some good signs” Biden’s management volunteered to help other countries in the current crisis.

Twelve Republicans in the House of Representatives wrote to Tai Tuesday urging him to continue protesting against the right to direct property, saying it would not help to get vaccinated.

“The number of applicants is increasing and it would not be appropriate to consider the financial implications and benefits,” wrote the members, led by Republican House Judicial Committee chief Darrell Issa.