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14 September 2016Americas

Peru accepts TRIPS amendment on affordable medicines

Peru has accepted the 2005 protocol amendment to TRIPS, a provision designed to ease poor countries’ access to affordable medicines.

The instrument of acceptance was presented by Luis Enrique Chávez Basagoitia, ambassador of Peru, to Roberto Azevêdo, the World Trade Organization’s (WTO) director general.

The protocol amending the TRIPS agreement allows pharmaceutical products made under compulsory licences to be exported to countries lacking production capacity.

According to a statement, more than 63% of WTO members have submitted their instrument of acceptance for the TRIPS protocol.

The protocol will enter into force when two thirds of the WTO members have deposited their instrument of acceptance.

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