The US and EU plan to donate enough vaccines to inoculate two-thirds of the world by late 2022, draft summit text says

Vials of the Pfizer-BioNTech COVID-19 vaccine. Patrick Fallon/AFP through Getty Images

  • US and EU delegates are set to meet subsequent week.

  • They are anticipated to agree on a deal to increase vaccine manufacturing, and donate hundreds of thousands of doses.

  • Biden has been beneath stress to share vaccine doses with international locations that want it extra.

  • See more stories on Insider’s business page.

The US and European Union are planning to donate enough vaccine doses to inoculate two-thirds of the world inhabitants by the finish of 2022, Reuters reported Wednesday, citing a draft doc.

Diplomats from the two powers are assembly in Brussels on June 15, the place they’re anticipated to finalize the text and arrange a joint process drive to increase the international manufacturing of vaccines, Reuters reported.

The process drive would increase manufacturing capability by “encouraging voluntary sharing of knowhow and technology on mutually-determined terms,” Reuters reported.

The information company famous that this was not the similar as making pharmaceutical firms carry their vaccine patents, a transfer that President Joe Biden helps however numerous EU international locations, including Germany, oppose.

The draft text additionally stated that the US and EU would “encourage more donors to make 2 billion vaccine doses available worldwide by late 2021,” per Reuters.

Biden has been beneath stress to share vaccine doses with international locations that want them extra. Many poorer nations are nonetheless fighting coronavirus instances, and the World Health Organization warned final week of a continent-wide surge.

So far the US has promised to share no less than 80 million vaccine doses, whereas the EU has promised 100 million. Both figures are comparatively small as compared to the world’s unvaccinated populations.

Both the US and EU are already half of COVAX, the WHO scheme to assist poorer nations get vaccines, however experts have warned that it too isn’t any the place close to well-equipped enough to meaningfully confront the pandemic.

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