IBOV 175,739 ▼ 1.20% IPSA 10,950 ▼ 0.96% IPC MEX 65,973 ▼ 0.79% MERVAL 3,235,295 ▼ 1.37% COLCAP 2,307.67 ▲ 0.65% BVL PERÚ 56,917.82 ▼ 0.86% USD/BRL5.14▲ 0.57% USD/MXN17.52▲ 0.30% USD/CLP932.45▲ 0.82% USD/COP3,242▼ 0.11% USD/PEN3.41▲ 0.49% USD/ARS1,482▼ 0.37% USD/UYU 40.22 — 0.00% USD/PYG6,045▼ 0.17% USD/BOB10.35▲ 2.07% USD/DOP58.30▼ 0.31% USD/CRC448.53▼ 0.06% USD/GTQ7.62▼ 0.10% USD/HNL26.73▲ 0.04% USD/NIO 36.62 — 0.00% USD/VES719.54▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.98▼ 0.70% USD/TTD6.74▼ 0.12% EUR/BRL5.86▲ 0.77% BRENT 83.48 ▲ 9.83% WTI 78.20 ▲ 9.51% IRON ORE 161.91 — — COPPER 6.28 ▲ 0.70% GOLD 4,007 ▼ 2.36% SILVER 57.92 ▼ 3.16% SOY 1,194 ▼ 0.25% CORN 463.00 ▲ 5.71% WHEAT 635.25 ▲ 0.51% COFFEE 330.50 ▼ 3.64% SUGAR 14.76 ▼ 0.81% ORANGE JUICE 137.15 ▼ 7.24% COTTON 81.49 ▲ 1.96% COCOA 5,808 ▼ 1.88% BEEF 234.95 ▼ 0.11% CATTLE 354.20 ▼ 0.11% LITHIUM 70.24 ▼ 2.88% PETR4 40.66 ▲ 2.55% VALE3 72.85 ▼ 1.79% ITUB4 43.52 ▼ 1.76% BBDC4 18.77 ▼ 0.48% ABEV3 15.83 ▲ 0.06% BBAS3 20.24 ▼ 1.65% B3SA3 15.12 ▼ 1.95% WEGE3 44.39 ▼ 4.56% PRIO3 57.20 ▲ 3.16% SUZB3 41.49 ▼ 0.14% RENT3 40.20 ▼ 2.19% AZZA3 19.22 ▲ 0.63% CSAN3 3.90 ▼ 4.18% RAIZ4 0.33 ▼ 5.71% PCAR3 2.59 ▼ 5.13% GMAT3 3.94 ▼ 0.76% PSSA3 54.04 ▼ 1.69% CVCB3 1.25 — 0.00% POSI3 3.99 ▲ 0.50% SLCE3 13.87 ▼ 1.07% NATU3 8.60 ▼ 0.92% BRKM5 6.94 ▲ 4.68% RANI3 7.95 ▼ 0.75% CSNA3 5.24 ▲ 1.16% CMIN3 5.45 ▲ 4.21% USIM5 8.38 ▼ 0.83% GGBR4 22.82 ▼ 0.83% ENEV3 26.88 ▼ 2.43% CPFE3 46.84 ▼ 2.15% CMIG4 11.07 ▼ 2.72% EQTL3 40.21 ▼ 1.71% LREN3 14.15 ▼ 3.21% VIVT3 34.73 ▼ 2.85% RAIL3 14.11 ▼ 1.74% KLABIN 17.48 ▼ 0.34% RAIA DROGASIL 18.20 ▼ 3.04% RDOR3 35.56 ▼ 1.28% HAPV3 10.46 ▼ 1.32% FLRY3 16.15 ▼ 1.64% SMTO3 16.37 — 0.00% UGPA3 30.93 ▲ 0.72% VBBR3 32.76 ▼ 0.73% BBSE3 40.28 ▼ 0.17% BPAC11 57.52 ▼ 2.06% CURY3 33.12 ▼ 3.19% AERI3 2.08 ▼ 0.48% VIVARA 23.11 ▼ 1.79% COMPASS 24.77 ▼ 2.86% VAMOS 3.02 ▼ 1.31% SANB11 27.37 ▼ 0.91% ASAI3 8.71 ▼ 1.80% SBSP3 30.37 ▼ 2.38% WALMEX 49.66 ▲ 0.69% GMEXICO 195.76 ▼ 1.74% FEMSA 225.36 ▲ 0.92% CEMEX 21.79 ▼ 0.32% GFNORTE 181.91 ▼ 2.51% BIMBO 55.97 ▼ 0.23% TELEVISA 9.61 ▼ 1.23% AMX 22.86 ▲ 0.70% GAP 407.66 ▼ 1.17% ASUR 278.66 ▼ 2.27% OMA 232.47 ▼ 1.70% KOF 181.68 ▲ 0.85% GRUMA 281.37 ▼ 0.77% KIMBER 38.22 ▲ 0.39% SQM-B 67,211 ▼ 0.80% COPEC 6,057 ▼ 1.33% BSANTANDER 78.20 ▼ 1.01% FALABELLA 5,905 — 0.00% ENELAM 84.20 ▼ 1.41% CENCOSUD 2,040 ▼ 0.25% CMPC 1,078 ▼ 2.80% BANCO CHILE 185.00 ▼ 2.05% LATAM AIR 24.90 ▼ 5.18% YPF 77,175 ▲ 3.73% GGAL 8,080 ▼ 3.06% PAMPA 5,225 ▲ 0.87% TXAR 661.50 ▼ 1.42% ALUAR 964.50 ▼ 1.13% TGS 9,580 ▼ 0.16% CEPU 2,319 ▼ 3.21% MIRGOR 17,000 ▼ 1.45% COME 44.78 ▼ 2.46% LOMA NEGRA 3,498 ▼ 2.37% BYMA 308.25 ▼ 1.83% TELECOM ARG 4,250 ▲ 0.12% ECOPETROL 15.88 ▲ 1.93% BANCOLOMBIA 80.42 ▼ 3.05% GRUPO AVAL 4.91 ▼ 3.16% CREDICORP 389.22 ▼ 2.89% SOUTHERN COPPER 174.53 ▼ 0.74% BUENAVENTURA 29.82 ▼ 0.60% MERCADOLIBRE 1,867 ▲ 0.81% NUBANK 13.67 ▼ 0.65% XP 16.37 ▼ 3.25% PAGSEGURO 9.28 ▲ 0.32% STONE 11.15 ▼ 0.54% GLOBANT 32.12 ▲ 7.21% TECNOGLASS 42.84 ▼ 2.41% GAP AIRPORT 232.77 ▼ 1.22% ASUR 278.66 ▼ 2.27% OMA AIRPORT 106.13 ▼ 1.77% AMX ADR 26.02 ▲ 0.04% FEMSA ADR 129.01 ▲ 1.06% CEMEX ADR 12.45 ▼ 0.24% PETROBRAS ADR 17.88 ▲ 3.23% VALE ADR 14.18 ▼ 1.94% ITAU ADR 8.47 ▼ 1.74% SANTANDER BR 5.34 ▼ 1.02% AMBEV ADR 3.06 ▼ 0.33% CSN 1.03 ▲ 1.49% GERDAU 4.49 ▼ 0.22% LATAM ADR 53.33 ▼ 5.53% BTC 62,101 ▼ 2.60% ETH 1,765 ▼ 2.25% SOL 74.70 ▼ 2.83% XRP 1.06 ▼ 2.36% BNB 564.71 ▼ 1.61% ADA 0.16 ▼ 2.88% DOGE 0.07 ▼ 1.49% AVAX 6.44 ▲ 0.59% LINK 7.86 ▼ 1.69% DOT 0.83 ▼ 1.21% LTC 43.18 ▼ 1.80% BCH 235.01 ▼ 2.06% TRX 0.33 ▼ 1.77% XLM 0.18 ▼ 3.14% HBAR 0.07 ▼ 1.90% NEAR 1.90 ▲ 0.39% ATOM 1.54 ▼ 1.73% AAVE 94.06 ▼ 3.09% SELIC 14.25% EMBRAER 83.01 ▼ 1.88% EMBRAER ADR 64.48 ▼ 2.32% JBS 11.80 ▼ 0.92% JBS BDR 60.61 ▼ 0.28% MBRF3 15.72 ▲ 1.09% MBRFY 3.05 ▲ 0.99% INTER 5.65 ▼ 2.92% EGX 52,608 ▲ 0.67% USD/ZAR16.47▲ 0.87% USD/NGN1,378▼ 0.05% NIKKEI 67,243 ▼ 1.92% CSI300 4,695 ▼ 1.79% HSI 24,214 ▲ 0.16% NIFTY 24,211 ▲ 0.02% KOSPI 6,807 ▼ 8.95% JCI 6,038 ▲ 1.92% USD/JPY162.46▲ 0.46% USD/CNY6.77▼ 0.09% DAX 25,114 ▲ 0.19% CAC 8,365 ▲ 0.31% FTSE 10,498 ▲ 0.01% MIB 52,809 ▲ 0.37% IBEX 19,336 ▼ 0.25% STOXX 641.01 ▼ 0.01% EUR/USD1.14▼ 0.17% GBP/USD1.33▼ 0.32% SPX 7,515 ▼ 0.79% DJI 52,499 ▼ 0.26% NDX 29,264 ▼ 1.88% RUT 2,953 ▼ 0.83% TSX 35,253 ▼ 0.15% VIX 17.16 ▲ 14.17% USD/CAD1.42▼ 0.03% US10Y 4.6090 ▲ 0.88% IBOV 175,739 ▼ 1.20% IPSA 10,950 ▼ 0.96% IPC MEX 65,973 ▼ 0.79% MERVAL 3,235,295 ▼ 1.37% COLCAP 2,307.67 ▲ 0.65% BVL PERÚ 56,917.82 ▼ 0.86% USD/BRL 5.14 ▲ 0.58% USD/MXN 17.52 ▲ 0.30% USD/CLP 932.45 ▲ 0.82% USD/COP 3,242 ▼ 0.11% USD/PEN 3.41 ▲ 0.49% USD/ARS 1,482 ▼ 0.37% USD/UYU 40.22 — 0.00% USD/PYG 6,045 ▼ 0.17% USD/BOB 10.35 ▲ 2.07% USD/DOP 58.30 ▼ 0.31% USD/CRC 448.53 ▼ 0.06% USD/GTQ 7.62 ▼ 0.10% USD/HNL 26.73 ▲ 0.04% USD/NIO 36.62 — 0.00% USD/VES 719.54 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.98 ▲ 0.25% USD/TTD 6.74 ▲ 1.05% EUR/BRL 5.86 ▲ 0.77% BRENT 83.48 ▲ 9.83% WTI 78.20 ▲ 9.51% IRON ORE 161.91 — — COPPER 6.28 ▲ 0.70% GOLD 4,007 ▼ 2.36% SILVER 57.92 ▼ 3.16% SOY 1,194 ▼ 0.25% CORN 463.00 ▲ 5.71% WHEAT 635.25 ▲ 0.51% COFFEE 330.50 ▼ 3.64% SUGAR 14.76 ▼ 0.81% ORANGE JUICE 137.15 ▼ 7.24% COTTON 81.49 ▲ 1.96% COCOA 5,808 ▼ 1.88% BEEF 234.95 ▼ 0.11% CATTLE 354.20 ▼ 0.11% LITHIUM 70.24 ▼ 2.88% PETR4 40.66 ▲ 2.55% VALE3 72.85 ▼ 1.79% ITUB4 43.52 ▼ 1.76% BBDC4 18.77 ▼ 0.48% ABEV3 15.83 ▲ 0.06% BBAS3 20.24 ▼ 1.65% B3SA3 15.12 ▼ 1.95% WEGE3 44.39 ▼ 4.56% PRIO3 57.20 ▲ 3.16% SUZB3 41.49 ▼ 0.14% RENT3 40.20 ▼ 2.19% AZZA3 19.22 ▲ 0.63% CSAN3 3.90 ▼ 4.18% RAIZ4 0.33 ▼ 5.71% PCAR3 2.59 ▼ 5.13% GMAT3 3.94 ▼ 0.76% PSSA3 54.04 ▼ 1.69% CVCB3 1.25 — 0.00% POSI3 3.99 ▲ 0.50% SLCE3 13.87 ▼ 1.07% NATU3 8.60 ▼ 0.92% BRKM5 6.94 ▲ 4.68% RANI3 7.95 ▼ 0.75% CSNA3 5.24 ▲ 1.16% CMIN3 5.45 ▲ 4.21% USIM5 8.38 ▼ 0.83% GGBR4 22.82 ▼ 0.83% ENEV3 26.88 ▼ 2.43% CPFE3 46.84 ▼ 2.15% CMIG4 11.07 ▼ 2.72% EQTL3 40.21 ▼ 1.71% LREN3 14.15 ▼ 3.21% VIVT3 34.73 ▼ 2.85% RAIL3 14.11 ▼ 1.74% KLABIN 17.48 ▼ 0.34% RAIA DROGASIL 18.20 ▼ 3.04% RDOR3 35.56 ▼ 1.28% HAPV3 10.46 ▼ 1.32% FLRY3 16.15 ▼ 1.64% SMTO3 16.37 — 0.00% UGPA3 30.93 ▲ 0.72% VBBR3 32.76 ▼ 0.73% BBSE3 40.28 ▼ 0.17% BPAC11 57.52 ▼ 2.06% CURY3 33.12 ▼ 3.19% AERI3 2.08 ▼ 0.48% VIVARA 23.11 ▼ 1.79% COMPASS 24.77 ▼ 2.86% VAMOS 3.02 ▼ 1.31% SANB11 27.37 ▼ 0.91% ASAI3 8.71 ▼ 1.80% SBSP3 30.37 ▼ 2.38% WALMEX 49.66 ▲ 0.69% GMEXICO 195.76 ▼ 1.74% FEMSA 225.36 ▲ 0.92% CEMEX 21.79 ▼ 0.32% GFNORTE 181.91 ▼ 2.51% BIMBO 55.97 ▼ 0.23% TELEVISA 9.61 ▼ 1.23% AMX 22.86 ▲ 0.70% GAP 407.66 ▼ 1.17% ASUR 278.66 ▼ 2.27% OMA 232.47 ▼ 1.70% KOF 181.68 ▲ 0.85% GRUMA 281.37 ▼ 0.77% KIMBER 38.22 ▲ 0.39% SQM-B 67,211 ▼ 0.80% COPEC 6,057 ▼ 1.33% BSANTANDER 78.20 ▼ 1.01% FALABELLA 5,905 — 0.00% ENELAM 84.20 ▼ 1.41% CENCOSUD 2,040 ▼ 0.25% CMPC 1,078 ▼ 2.80% BANCO CHILE 185.00 ▼ 2.05% LATAM AIR 24.90 ▼ 5.18% YPF 77,175 ▲ 3.73% GGAL 8,080 ▼ 3.06% PAMPA 5,225 ▲ 0.87% TXAR 661.50 ▼ 1.42% ALUAR 964.50 ▼ 1.13% TGS 9,580 ▼ 0.16% CEPU 2,319 ▼ 3.21% MIRGOR 17,000 ▼ 1.45% COME 44.78 ▼ 2.46% LOMA NEGRA 3,498 ▼ 2.37% BYMA 308.25 ▼ 1.83% TELECOM ARG 4,250 ▲ 0.12% ECOPETROL 15.88 ▲ 1.93% BANCOLOMBIA 80.42 ▼ 3.05% GRUPO AVAL 4.91 ▼ 3.16% CREDICORP 389.22 ▼ 2.89% SOUTHERN COPPER 174.53 ▼ 0.74% BUENAVENTURA 29.82 ▼ 0.60% MERCADOLIBRE 1,867 ▲ 0.81% NUBANK 13.67 ▼ 0.65% XP 16.37 ▼ 3.25% PAGSEGURO 9.28 ▲ 0.32% STONE 11.15 ▼ 0.54% GLOBANT 32.12 ▲ 7.21% TECNOGLASS 42.84 ▼ 2.41% GAP AIRPORT 232.77 ▼ 1.22% ASUR 278.66 ▼ 2.27% OMA AIRPORT 106.13 ▼ 1.77% AMX ADR 26.02 ▲ 0.04% FEMSA ADR 129.01 ▲ 1.06% CEMEX ADR 12.45 ▼ 0.24% PETROBRAS ADR 17.88 ▲ 3.23% VALE ADR 14.18 ▼ 1.94% ITAU ADR 8.47 ▼ 1.74% SANTANDER BR 5.34 ▼ 1.02% AMBEV ADR 3.06 ▼ 0.33% CSN 1.03 ▲ 1.49% GERDAU 4.49 ▼ 0.22% LATAM ADR 53.33 ▼ 5.53% BTC 62,101 ▼ 2.60% ETH 1,765 ▼ 2.25% SOL 74.70 ▼ 2.83% XRP 1.06 ▼ 2.36% BNB 564.71 ▼ 1.61% ADA 0.16 ▼ 2.88% DOGE 0.07 ▼ 1.49% AVAX 6.44 ▲ 0.59% LINK 7.86 ▼ 1.69% DOT 0.83 ▼ 1.21% LTC 43.18 ▼ 1.80% BCH 235.01 ▼ 2.06% TRX 0.33 ▼ 1.77% XLM 0.18 ▼ 3.14% HBAR 0.07 ▼ 1.90% NEAR 1.90 ▲ 0.39% ATOM 1.54 ▼ 1.73% AAVE 94.06 ▼ 3.09% SELIC 14.25% EMBRAER 83.01 ▼ 1.88% EMBRAER ADR 64.48 ▼ 2.32% JBS 11.80 ▼ 0.92% JBS BDR 60.61 ▼ 0.28% MBRF3 15.72 ▲ 1.09% MBRFY 3.05 ▲ 0.99% INTER 5.65 ▼ 2.92% EGX 52,608 ▲ 0.67% USD/ZAR 16.46 ▲ 0.72% USD/NGN 1,378 ▲ 0.15% NIKKEI 67,243 ▼ 1.92% CSI300 4,695 ▼ 1.79% HSI 24,214 ▲ 0.16% NIFTY 24,211 ▲ 0.02% KOSPI 6,807 ▼ 8.95% JCI 6,038 ▲ 1.92% USD/JPY 162.44 ▲ 0.48% USD/CNY 6.7709 ▲ 0.06% DAX 25,114 ▲ 0.19% CAC 8,365 ▲ 0.31% FTSE 10,498 ▲ 0.01% MIB 52,809 ▲ 0.37% IBEX 19,336 ▼ 0.25% STOXX 641.01 ▼ 0.01% EUR/USD 1.1383 ▼ 0.32% GBP/USD 1.3345 ▼ 0.40% SPX 7,515 ▼ 0.79% DJI 52,499 ▼ 0.26% NDX 29,264 ▼ 1.88% RUT 2,953 ▼ 0.83% TSX 35,253 ▼ 0.15% VIX 17.16 ▲ 14.17% USD/CAD 1.4157 ▲ 0.04% US10Y 4.6090 ▲ 0.88%
since 2009
Monday, July 13, 2026

Covid-19 Brazil

Brazil has signaled WTO agreement to negotiate vaccine patent suspension

By · June 8, 2021 · 3 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

RIO DE JANEIRO, BRAZIL – The Brazilian government has said for the first time that it accepts to negotiate and stresses that it will seek “tangible results” in the shortest
possible time frame.

Brazil on Tuesday announced at the World Trade Organization (WTO) that it is ready to start negotiating on the proposed patent suspension during the Covid-19 pandemic.

One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
Brazil agrees to negotiate vaccine patent suspension. (Photo internet reproduction)
RT
Ask Rio Times
This story and the bigger picture.
Open the full Ask Rio Times →

Non-governmental organizations (NGOs), such as influential Médecins Sans Frontières (Doctors Without Borders, MSF), had been complaining that Brazil was reluctant to endorse the initiation of negotiations, which was only delaying a solution at the WTO.

Now the Brazilian government has said for the first time that it accepts to negotiate and stresses that it will seek “tangible results” in the shortest possible time frame. Several developed countries were unwilling to negotiate. But the situation began to change when the U.S. said last month that it would discuss proposals on the issue.

However, Brazil’s agreement to start negotiations does not imply support for the proposal put forth by India, South Africa, and 61 other countries to suspend intellectual property rights for 3 years, which they claim is required to increase the production of anti-Covid vaccines.

Government sources have made it clear that the country must maintain a “comfortable leeway” to negotiate between the extremes. The European Union has submitted a counter-proposal to that of the 63-nation group, in a wording that allows for the opening of negotiations on TRIPS (intellectual property rights) Article 31.

This article involves compulsory licensing and also the country’s right to export generic drugs to meet demand from other nations lacking production capacity. The plan would be to expedite the implementation of these flexibilities.

In presenting the Brazilian position on Tuesday at the TRIPS Council, Brazilian Ambassador Alexandre Parola stated that the country “is deeply committed to providing solutions within the WTO framework to support global efforts to end the pandemic.”

“There is no simple formula to address the wide range of challenges involved in the development, manufacturing and distribution of vaccines and therapeutics worldwide,” he added, reiterating that “a holistic solution is called for.”

In this context, the Brazilian representative stated that Brazil has been working on “different fronts to build a robust trade and health framework for the WTO, one that comprehensively addresses the many challenges” and that “we remain open to other proposals that can contribute to further improving the tools available within the WTO to address health crises.”

Brazil signals that it is also looking to the future, to emerge from the current pandemic better prepared for future ones. “It is clear that the world is not equally equipped to fight this pandemic, and this imbalance is something we must urgently address. The production of life-saving drugs and vaccines is highly concentrated in certain parts of the world. This pandemic has proven that this must change,” Parola added.

The Brazilian representative stressed that the discussions in the WTO TRIPS Council focused primarily on intellectual property protection and only marginally addressed the transfer of technology and know-how “that may not flow automatically to potential vaccine and therapeutics manufacturers once intellectual property rights are licensed or suspended.”

Thus, the Brazilian representation advocated “further discussions on the operation of this important practical aspect that is critical to the success of an intellectual property waiver strategy.”

Concurrently, Brazil advocates solutions “that preserve transparency and a sufficient level of legal certainty for stakeholders so as not to unreasonably disrupt cooperative efforts.”

Source: Valor

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.