COVID-19 was officially declared a pandemic nearly a year ago, and in that time, global leaders have increasingly seen the importance of innovation and collaboration in addressing this major global health challenge. Chile – as one of only 34 countries represented on the World Health Organization (WHO) Executive Board in 2021 – has an extraordinary opportunity to advance efforts that fuel progress and support a strong intellectual property (IP) and innovation ecosystem.
One such opportunity is when the Executive Board continues conversations on the Global Strategy and Plan of Action on Public Health, Innovation and Intellectual Property (GSPOA). The GSPOA, negotiated and approved 13 years ago, helps countries set policies to support discovery of new treatments and cures for diseases disproportionately affecting developing nations.
Importantly, the GSPOA views IP as “an important incentive in the development of health care products.” However, as nations look to speed COVID-19 therapies and vaccines to people worldwide, some leaders have supported misguided policies, such as compulsory licensing, that could inadvertently delay efforts to contain the pandemic. Proposals to erode or suspend longstanding intellectual property policies threaten much-needed innovation for developing and developed nations alike. Such focus also strays from the WHO’s main mission of leading the global coordination and response to pandemics like the coronavirus and other health emergencies – which should remain the priority, especially now.
The COVID-19 pandemic has taken its toll, but it has also spurred unprecedented collaboration and innovation to address it – due, in no small part, to strong IP systems that protect innovators. Chile has been hit hard by COVID-19, both socially and economically. By the end of 2020, for example, the OECD predicted Chile’s GDP could plummet by 7%.
Embracing innovation and supporting innovative industries could help reverse economic setbacks from the pandemic. Chile could improve in this regard, ranking 54th out of the 131 economies featured in the 2020 Global Innovation Index, though is at the top compared with other Latin American markets.
The potential remains, as Chile has shown an appreciation for the role of IP, innovation and collaboration in addressing our current challenges. For example, at the WIPO Assemblies of the Member States meeting in September, Chile noted that “intellectual property is an important development engine, adding value to products and services, and contributing to global trade. In the pandemic scenario in which the world finds itself, WIPO must be a beacon to guide countries to use and reap the benefits of intellectual property.”
Before its Executive Board term ends this year, Chile should t speak up to defend IP and innovation, which it very much supports for its own nation’s prosperity, as well as advocate for continued partnerships, including collaboration with private sector. In doing so, we can end the coronavirus pandemic and improve global health.
