US Trade Official: Key Issues Resolved In Counterfeiting Pact Talks

Wall Street Journal
Trade negotiators from 37 countries ironed out compromises on the key questions of European food names and medicines for poor countries over the weekend, clearing the way for a global counterfeiting pact to be signed within weeks.

After Saturday’s conclusion of the final round of the Anti-Counterfeiting Trade Agreement, the remaining handful of issues are “narrow and discrete enough that I would think this could all be done by telephone and email,” a U.S. trade official said in an interview. “We’ll be working over the next couple of weeks to sort that out.”

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“Waiving drug companies' intellectual property rights risks setting a bad precedent for future investment in new drugs. And that risk may not be worth it without additional steps to meaningfully increase the availability of shots across the world.”

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