Piyush Goyal discusses measures to enhance COVID vaccine production with the USTR



Quick Summary
Commerce Minister Piyush Goyal held a virtual meeting with US Trade Representative Katherine Tai to discuss ways to increase COVID-19 vaccine production and ensure equitable global access. A key topic was India's proposal for a TRIPS waiver to facilitate higher vaccine manufacturing worldwide. Both leaders agreed to collaborate on enhancing vaccine availability and saving lives, with Goyal emphasising the need for open supply chains.

Piyush Goyal and US Trade Rep Discuss Vaccine Production

Shri Piyush Goyal, Minister for Commerce & Industry, Railways, Consumer Affairs and Food & Public distribution had a virtual meeting with Ambassador Katherine Tai, US Trade Representative on 14th May 2021. The meeting focused on increasing vaccine availability in an inclusive and equitable manner to combat the Global pandemic caused by Covid-19. The proposal of India on waiver of certain TRIPS provisions to increase global vaccine production in order to take on the challenge of vaccinating the poorest of the poor and save lives was also discussed. The Minister thanked the USTR for the US announcing its support for India’s proposal. The Minister mentioned the supply chains for the vaccine manufacturers must be kept open and unbridled as the entire world is in dire need of vaccines. Both sides agreed to work towards the common resolve of increasing vaccine availability and saving lives.

FAQ :

Shri Piyush Goyal, India's Minister for Commerce & Industry, met virtually with Ambassador Katherine Tai, the US Trade Representative.

The virtual meeting occurred on 14th May 2021.

The discussion focused on increasing vaccine availability in an inclusive and equitable manner to combat the COVID-19 pandemic.

India's proposal for a waiver of certain TRIPS provisions to increase global vaccine production was discussed.

Minister Goyal stressed that supply chains for vaccine manufacturers must be kept open and unhindered due to the global demand for vaccines.

Both sides agreed to work together towards the common goal of increasing vaccine availability and saving lives.




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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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