Air Freight News

U.S. to ship 2 million Coronavirus vaccines to South Africa

The U.S. will ship 2.2 million coronavirus vaccine doses to South Africa on Friday, a show of support to one of the countries that has led the push to loosen restrictions on global production and shrink the gap between wealthy and developing nations.

The 2.2 million doses of the Pfizer Inc.-BioNTech vaccine will be shipped Friday through the Covax vaccine-sharing initiative, and arrive Saturday, an official familiar with plans said, speaking on condition of anonymity. The U.S. has now donated nearly 8 million doses to South Africa and 25 million to Africa overall, the official said.

The U.S. has committed to donating more than 600 million doses globally by the end of June 2022, after gobbling up nearly all its early domestic production for U.S. use. That figure includes a pledge, first made by President Joe Biden at the Group of Seven summit, to donate 500 million Pfizer-BioNTech doses to the African Union and 92 low- and middle-income nations.

The U.S. has already donated more than 100 million vaccines globally, with Biden pledging to become an “arsenal” of vaccines for the world. For comparison, the U.S. has administered about 365 million inoculations domestically, and is planning to give out as many as 100 million booster shots by the end of the year, subject to approval by health regulators.

The U.S. has previously announced financing to bolster production in South Africa. The World Bank and a trio of western government agencies, including the U.S. International Development Finance Corp., announced in June a financing package for production of the Johnson & Johnson vaccine in South Africa, part of an effort to scale global production and meet demand for billions of doses.

The donation also is an implicit gesture to a nation that has led a push to try and ease restrictions on vaccine production. Countries like the U.S. that have ample vaccine production have benefited from the status quo, racing ahead with inoculation efforts while others struggle for supply.

South Africa, along with India, has also proposed a waiver on trade-related aspects of intellectual-property rights enshrined in a 1995 World Trade Organization agreement known as Trips, in an effort to boost vaccine production worldwide. The U.S. expressed support for talks towards a partial waiver, a move opposed by Germany and other nations.

Opponents of the waiver argue that enforceable intellectual property rules fuel breakthroughs and developments, like the coronavirus vaccines. WTO rules require consensus, which looks out of reach for at least the near future.

Bloomberg
Bloomberg

© Bloomberg
The author’s opinion are not necessarily the opinions of the American Journal of Transportation (AJOT).

Similar Stories

https://www.ajot.com/images/uploads/article/copper_wire.JPG
CBP issues Withhold Release Order on Serbia Zijin Copper D.O.O.
View Article
https://www.ajot.com/images/uploads/article/Signal_14_1.png
Signal Ocean Spotlight: Iron Ore – Disconnect between Chinese iron ore imports and steel production widens
View Article
https://www.ajot.com/images/uploads/article/global_softwood_markets.png
Europe and Russia: A region of contrasts shaping global softwood markets
View Article
https://www.ajot.com/images/uploads/article/American_Trailer_Manufacturers_Coalition.png
American Trailer Manufacturers Coalition applauds affirmative preliminary determination from DOC in AD/CVD trade case
View Article
DOE’s Office of Critical Minerals and Energy Innovation announces $134 million to bolster rare earth element supply chains

Selected projects will strengthen domestic rare earth supply chains, reduce reliance on foreign sources, and improve U.S. energy security.

View Article
https://www.ajot.com/images/uploads/article/Holly_McDade.jpeg
Merlo America welcomes new finance manager to support continued growth
View Article