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Venezuela participates of WTO Ministerial Conference

By E.C.V. & ASOCIADOS - 05/07/2022

The World Trade Organization (WTO) 12th Ministerial Conference took place from 12 to 17 June 2022 at WTO headquarters in Geneva. Ministers from across the world attended to review the functioning of the multilateral trading system, to make general statements and to take action on the future work of the WTO.

WTO members successfully concluded the conference securing multilaterally negotiated outcomes on a series of key trade initiatives, among them a Ministerial Decision on the Agreement on Trade-related Aspects of Intellectual Property Rights. The full decision can be find here.

Member states agreed on a deal that temporarily removes intellectual property barriers around patents for COVID-19 vaccines, and postpone the discussions on extending the waiver to treatments and tests by six months. It allows low- and middle-income countries to temporarily waive protections on those patents to produce the vaccines, either to use domestically or to send abroad.

By E.C.V. & ASOCIADOS - 05/07/2022
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E.C.V. & ASOCIADOS is an organization born in 1996 guided by the mission of providing a comprehensive advice service in the area of Intellectual Property. We have the sole purpose of collaborating with our clients, making us fully responsible for the management of the very delicate activities and intangible assets of the IP area, those that usually absorb an important amount of energy and time for companies.
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