Okonjo-Iweala hails TRIPS compromise as industry remains opposed

World Trade Organization Director-General Ngozi Okonjo-Iweala on Wednesday hailed a recently announced compromise on a proposed pandemic-related waiver of some WTO intellectual property protections but warned “we are not there yet.” While both the Office of the U.S. Trade Representative and the director-general have noted details are still being worked out, what is known of the substance of the compromise has not won over business groups, including those representing pharmaceutical companies, and has also frustrated some progressive supporters. Still, after...