Trade Therapy

Page 104

Trade Therapy: Deepening Cooperation to Strengthen Pandemic Defenses

Figure 2.11 NRA decisions on WHO-EUL COVID-19 vaccines, December 2020 to February 2022 120 100 80 60 40 20

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Number of NRA decisions

88

EUA

Full approval

Rejected

Source: Author’s calculations, based on Airfinity 2022, https://science.airfinity.com/covid-19-vaccines. Note: This figure includes decisions on only those COVID-19 vaccines that have received an Emergency Use Listing of the World Health Organization (WHO-EUL). EUA = emergency use authorization; NRA = national regulatory authority.

regulated (such as community face masks) or to enable domestic production that was initiated to avoid disruptions in supply. The majority (66 percent) of the COVID-19–related TBT notifications covered medical goods such as PPE, medicines, other medical devices and equipment (such as ventilators), and medical supplies (such as nasal swabs). Many NRAs activated emergency use authorizations (EUAs) to fast-track vaccine approval.35 Emergency authorization is temporary and is used to meet urgent health needs. A significant number of EUAs were granted to COVID-19 vaccines by national authorities in the first half of 2021 (figure 2.11). Some NRAs used expedited procedures to grant an EUA by relying on the work and data of other regulators and the Emergency Use Listing of the WHO (WHO-EUL). This was especially useful for NRAs in LMICs. For example, the Ghana Food and Drugs Authority approved some vaccines using its own EUA guidelines while it approved others relying on stringent regulatory authorities and the WHO-EUL (WTO 2021). NRAs have granted full approval to just six COVID-19 vaccines.

IPR policies during the pandemic The COVID-19 experience suggests that biomedical innovation can be rapid even when patent protection is less dominant as an incentive (see, for example, Sampat and Shadlen 2021). Other factors—such as the support of research efforts by public entities and private sector actors with nonmonetary motivations and direct R&D subsidies— may have played more important roles. That said, the record time in which COVID-19 health technologies have been developed has also been attributed to R&D preceding the COVID-19 pandemic and the patenting of technologies building on earlier activities (WIPO 2022). This calls for a more subtle empirical analysis of the role of IPR as an incentive for R&D during pandemics (see also Conti 2022).


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response for future pandemics

18min
pages 177-187

Notes

11min
pages 165-168

References

12min
pages 169-174

3.2 Low levels of GATS commitments in medical services trade

1min
page 147

commitments than in GATS

15min
pages 148-154

Cooperation beyond trade agreements for global health security

22min
pages 155-164

3.3 Potential commitments to bolster governance of trade policy in global crises

20min
pages 131-139

Trade policy cooperation to contribute to global health security

3min
pages 127-128

3.5 Traceability and illicit trade in medical products in Africa

5min
pages 145-146

B3.4.2 Types of health technology transfer programs reported by WTO developed country members under TRIPS Agreement, art. 66.2, 2018–20

5min
pages 142-144

3.2 Pricing policies for medical goods in the context of international trade

6min
pages 124-126

3.1 RTA cooperation during the COVID-19 pandemic

6min
pages 121-123

References

12min
pages 114-118

Policies affecting medical goods and services trade during the COVID-19 pandemic

2min
page 96

the onset of the COVID-19 pandemic (excluding China), January 2020 to March 2022

5min
pages 108-110

Notes

8min
pages 111-113

2.11 NRA decisions on WHO-EUL COVID-19 vaccines, December 2020 to February 2022

8min
pages 104-107

2.7 Government support measures for the medical goods sector predated the pandemic

6min
pages 93-95

2.4 Trade in medical services faces many trade barriers

5min
pages 88-90

References

8min
pages 71-74

2.2 WTO-notified quantitative restrictions, by type and member income group, 2018–19

3min
pages 80-81

2.3 Progress on implementation commitments under the WTO Trade Facilitation Agreement

10min
pages 82-86

1.22 The vaccine value chains

3min
pages 68-69

2.2 Development of export-oriented medical services in selected countries

2min
page 87

1.17 Exports of PPE soared early in the COVID-19 pandemic

0
page 63

Notes

2min
page 70

1.11 Trade in medical services hit US$78.6 billion in 2019

1min
page 56

1.3 Recent FDI trends in medical goods and services

2min
page 46

Personnel—and the blurred boundaries between trade in medical services and migration of health workers

5min
pages 43-44

1.6 MNCs’ contribution to global value added and exports varies by industry

3min
pages 50-51

Patterns in medical goods and services trade before the pandemic

2min
page 52

B1.1.1 Private health insurance schemes as a share of total health expenditure in selected countries, 2019

3min
pages 41-42

1.1 Access to health care: The role of (trade in) health insurance services

2min
page 40

Drivers of trade in medical goods and services

2min
page 36

of medical goods and services, leading to concentration

8min
pages 32-35

Notes

1min
page 23

1 Trade and trade-related policy actions to improve prevention, preparedness, and

2min
page 20

Deepening cooperation on medical goods and services trade

4min
pages 21-22

Stronger trade systems for better global health security

1min
page 25

References

1min
page 24

Organization of the report

1min
page 26

Reference

0
pages 27-28

The medical goods and services trade: Relevance, characteristics, and welfare implications

1min
page 29
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