India’s Pharmaceutical Industry Can Meet Requirements Of The World, Says WTO Director General



Express Pharma

Dr Ngozi Okonjo-Iweala, Director General, World Trade Organisation (WTO) has said that India’s pharmaceutical industry can meet the requirements of the world. She was speaking at the Partnership Summit 2021, organised by CII in partnership with the Department of Promotion of Industry and Internal Trade (DPIIT).

The DG also said that while the world growth rate was expected at 9.5 per cent for the current year, a grave inequality in the fiscal capacity for vaccine production as well as distribution has impacted the low-income economics. The trend in trade recovery is positive for advanced economies whereas low-income or underdeveloped countries are facing severe challenges.

Therefore, the need of the hour is to harness global partnerships in the form of government-to-government collaboration and business-to-business collaborations to counter the impact of the global pandemic. There is a need to ensure global access to vaccines while decentralising its manufacturing processes, added the DG.

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