Discover Qazaqstan via News and Inspiring Stories

STOCKS

  1. Main Page
  2. News
  3. Kazakhstan Ratifies Changes to Protocol on Pharma Exports to WTO Countries
  1. News
  2. News
Astana, Kazakhstan • 21 May, 2024 | 10:55
1 min - reading time

Kazakhstan Ratifies Changes to Protocol on Pharma Exports to WTO Countries

President signed the corresponding law

Unsplash/Árpád Czapp
Unsplash/Árpád Czapp

On May 20, President Kassym-Jomart Tokayev signed a law permitting the export of pharmaceutical products made in Kazakhstan to World Trade Organization (WTO) countries under certain conditions, QazMonitor reports citing Akorda.

What it means: The law, titled "On Ratification of the Protocol to Amend the Agreement on Trade-Related Aspects of Intellectual Property Rights," provides a legal framework for WTO members to issue special compulsory licenses for producing and exporting affordable generic medicines to other member countries that are unable to produce the necessary medicines in sufficient quantities.

How it works:

The Protocol was initially approved by the WTO in Geneva on December 6, 2005, and came into effect on January 23, 2017. It has now been ratified by 111 of the 164 WTO member states.

Only 30% of an article published on The Qazaqstan Monitor website may be used with a mandatory hyperlink provided to indicate the original source. To re-publish the full article, written permission from the editorial is required.