Skip to content
Search

Latest Stories

Submit Guest Post

India hopes US will soon ease ban on vaccine material exports

India hopes US will soon ease ban on vaccine material exports

INDIA is hopeful the United States will soon lift ban on the export of vaccine raw materials after the foreign ministers of both the countries spoke on this issue, government sources told Reuters on Monday (19).

According to an Indian government official, Joe Biden administration has told India that its request to lift the ban was being considered and would be acted upon "at the earliest".


Indian foreign minister S. Jaishankar tweeted that he and the US secretary of state Antony Blinken had discussed, among other things, "issues pertaining to our health cooperation".

The Indian foreign ministry declined to elaborate. The US State Department confirmed the two diplomats discussed Covid-19, but did not give details.

India is currently facing the world's worst surge in coronavirus infections, which has led to a clamour for vaccines. The country with the world's biggest vaccine-making capacity has also stopped major exports to meet domestic demand.

Jaishankar confirmed on Monday (19) that the government was trying to address the raw materials matter but that it was important for India to meet its export commitments too.

"I am pushing other countries, particularly some big countries, saying 'Look, please keep the raw materials flowing for the vaccines to be made in India'," he said, without naming any country.

"Can I ... go around the world and tell people 'Guys keep your supply chain flowing towards me ... but I am not going to give you the vaccine?'"

Washington has invoked the Defense Production Act to preserve vaccine raw materials for its own companies, but the Serum Institute of India (SII), the world's biggest vaccine maker, has said this went against the global goal of sharing vaccines equitably.

Asked about the restrictions on exports, White House press secretary Jen Psaki said inequities in access to vaccines were "completely unacceptable", but declined to detail additional US action to address the issue.

SII is licensed to make the AstraZeneca shot and also another developed by US company Novavax.

Add EasternEye As Your Trusted Source
preferred source on google news

More For You

IMF

The IMF has urged Britain to consider public spending reforms as the debate over bank taxes intensifies

REUTERS

IMF warns UK against higher bank taxes ahead of October budget

  • The IMF says Britain should consider spending reforms rather than rely on higher taxes on banks.
  • Unions and think tanks argue a higher bank surcharge could raise billions of pounds.
  • Banks and business groups warn further sector-specific taxes could deter investment and weaken competitiveness.

The International Monetary Fund (IMF) has urged Britain to consider cutting public spending rather than raising taxes on banks, as the Government weighs options to strengthen its finances ahead of the October 28 budget.

Chancellor John Healey is reportedly considering reversing a reduction in the bank tax surcharge, but the IMF has suggested that spending reforms should play a greater role in balancing the public finances.

Keep ReadingShow less