E.U. Backs WTO Bid For Cheaper Drugs For Poor Nations
By Catherine Fredenburgh
Law360, New York (April 28, 2006, 12:00 AM EDT) -- In a move that could help some of the world’s poorest countries gain improved access to affordable medicines, the European Commission this week formally recommended that European Union member states ratify a proposed amendment to World Trade Organization law that would allow companies to export generic drugs under compulsory licensing agreements.
"This regulation is a key element in ensuring access to affordable medicines for poor countries,” said Charlie McCreevy, E.U. Internal Market and Services Commissioner, in a statement. “Countries in need will acquire affordable medicines which...