News18» News»World»EU Eyes Scheme To Share Surplus COVID-19 Vaccines With Poorer Nations
1-MIN READ

EU Eyes Scheme To Share Surplus COVID-19 Vaccines With Poorer Nations

EU Eyes Scheme To Share Surplus COVID-19 Vaccines With Poorer Nations

The European Union wants to set up a mechanism that would allow the sharing of surplus COVID19 vaccines with poorer neighbouring states and Africa, the EU health chief said on Tuesday, in a move that may undercut a WHOled global scheme.

BRUSSELS: The European Union wants to set up a mechanism that would allow the sharing of surplus COVID-19 vaccines with poorer neighbouring states and Africa, the EU health chief said on Tuesday, in a move that may undercut a WHO-led global scheme.

The EU, with a population of 450 million, has already secured nearly 2.3 billion COVID-19 vaccines and candidates from six companies, although most of them still need regulatory approval.

“We are working with member states to propose a European mechanism to share vaccines beyond our borders,” EU health commissioner Stella Kyriakides told EU lawmakers on Tuesday, confirming a Reuters report from December.

She stressed the mechanism would get vaccines to poorer countries “before COVAX is fully operational”, referring to the global scheme co-led by the World Health Organisation set up last summer to ensure a fair distribution of COVID-19 shots across the world.

COVAX is already operational but has so far struggled to secure vaccines. It announced in December deals for nearly 2 billion doses, but the largest part of these shots has been pledged by vaccine makers under non-binding accords because COVAX is currently short of money to book them in advance.

“Firms will not give you doses if you don’t pay in advance,” a senior EU vaccine negotiator said on condition of anonymity, noting that the EU initiative was the result of COVAX having fallen short of expectations.

Internal documents seen by Reuters showed in December that COVAX co-leaders saw high risks of failure for the mechanism because of insufficient funds and complex contractual arrangements.

The WHO has warned of risks to fair distribution caused by rich nations’ hoarding of available shots, but publicly remains upbeat about COVAX and the possibility of delivering the first vaccines this quarter.

Kyriakides said the EU vaccine-sharing scheme should prioritise health workers and most vulnerable people in the Western Balkans, North Africa and poorer Sub-Saharan African countries.

The EU official said the EU could give some vaccines to COVAX which would then distribute them to poor countries.

It is however unclear whether the EU will donate or sell its excess doses. Sweden has set up a mechanism to sell its surplus vaccines. Decisions on sharing vaccines are taken by EU governments.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

first published:January 19, 2021, 15:12 IST