Xi proposes global vaccine coop action initiative

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Observer Report
Beijing

Chinese President Xi Jinping on Saturday proposed a six-point Global Vaccine Cooperation Action Initiative while addressing the 16th Group of 20 Leaders’ Summit via video link.

The initiative includes, first of all, the need to strengthen vaccine research and development cooperation and support vaccine companies in conducting joint R&D and production with developing countries.

Secondly, according to President Xi, we need to uphold equity and justice, and provide more vaccines to developing countries to meet the global vaccination target for 2022 as set by the World Health Organization.

Thirdly, he said, we need to support the World Trade Organization in making an early decision on waiving intellectual property rights on Covid-19 vaccines, and encourage vaccine companies to transfer technology to developing countries.

President Xi’s fourth point was that we needed to scale up cross-border trade cooperation to ensure smooth trade in vaccines and related raw and auxiliary materials.

The fifth part of the initiative was the need to treat different vaccines equally and advance mutual recognition of vaccines in accordance with the WHO’s Emergency Use Listing.

“We need to provide financial support for global vaccine cooperation, especially for developing countries to access vaccines,” the president struck the sixth point.

During his address, Xi also called on the G20 group to shoulder its due responsibilities in the face of changes and a pandemic both unseen in a century.

Xi called on the forum to bear in mind the future of humanity and people’s welfare, uphold openness, inclusiveness and win-win cooperation, practise true multilateralism, and promote the building of a community with a shared future for mankind.

The summit is being held from Saturday to Sunday in Rome with climate change, the Covid-19 pandemic and global economic recovery among the topics on the agenda.

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