Rep. Zeldin Statement Opposing the Waiving of IP Protections for COVID-19 Vaccines
WASHINGTON - Congressman Lee Zeldin (R, NY-1) today issued the following statement in response to President Biden’s decision to negotiate with the World Trade Organization (WTO) to waive intellectual property (IP) protections for COVID-19 vaccines under the WTO’s Agreement on Trade-Related Aspects of Intellectual Property (TRIP) rights:
“Waiving IP protections for COVID-19 vaccines would be a disastrous mistake on the part of the Biden administration and could lead to serious consequences that stifle future medical innovation, inhibit vaccine distribution and responses to future public health crises, threaten American jobs, and further empower China’s rampant intellectual property theft.
“American medical innovation helped develop multiple COVID-19 vaccines in record time and efficiently administer these vaccines to the point where new cases are on a steady decline in the U.S. If the vaccines’ IP is shared with the world, one of many concerns is that the raw materials needed to produce the vaccines could be bought up by others who don’t even have the technology and manufacturing resources necessary to safely and effectively produce and distribute vaccines. This could undermine our ability to vaccinate people all over the world and address future medical emergencies.”