South African President Cyril Ramaphosa is travelling to the UK for the G7 summit. AP
South African President Cyril Ramaphosa is travelling to the UK for the G7 summit. AP
South African President Cyril Ramaphosa is travelling to the UK for the G7 summit. AP
South African President Cyril Ramaphosa is travelling to the UK for the G7 summit. AP

G7 guests South Africa and India to push for vaccine patent waiver


Tim Stickings
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G7 guest South Africa will use its presence at this week's summit in the UK to push for the suspension of vaccine patents.

South African President Cyril Ramaphosa said his country was in favour of the waiver, as was India, another G7 guest.

He said the summit was an opportunity to seek broader support for “the struggle we are waging alongside India and more than 100 other countries”.

Wealthy countries are under pressure from the World Health Organisation and other institutions to address a global imbalance in Covid-19 vaccinations.

US President Joe Biden’s administration came out in favour of a patent suspension last month.

But European countries expressed doubts and German Chancellor Angela Merkel is firmly against the idea.

The EU said last month it would instead offer 100 million doses to poorer countries by the end of 2021.

Making his case before travelling to the G7 summit on Cornwall, Mr Ramaphosa said a suspension would allow more countries to create their own vaccines.

This would “pave the way for the development of a local pharmaceutical manufacturing industry in our own country and on the continent”, he said.

The G7 leaders face calls from organisations such as Oxfam and Amnesty International to agree to a patent suspension at the summit.

“G7 leaders must take this moment to stand on the right side of history by putting their full support behind the vaccine patent waiver,” Oxfam’s health policy manager Anna Marriott said.

“The G7 may be getting the vaccines they need but too much of the world is not and people are paying for patent protection with their lives.”

Mr Ramaphosa said the G7 was an opportunity for South Africa to promote itself as a destination for business and investment.

“The message I will be taking to the G7 summit will be one of hope about the prospects for our country’s recovery, and indeed the global recovery,” he said.

South Africa, India, Australia and South Korea are the four countries attending the summit as guests.

They were invited by the UK, which is hosting the talks with G7 members Germany, France, Italy, Japan, Canada and the US.

It comes as Britain makes a strategic tilt to the Indo-Pacific after Brexit and seeks to forge an alliance of the world's leading democracies.

While Mr Ramaphosa is travelling to the UK this week, Indian Prime Minister Narendra Modi is not taking part in person.

India’s Foreign Ministry said last month that Mr Modi would stay at home because of the prevailing Covid-19 situation in India.

What drives subscription retailing?

Once the domain of newspaper home deliveries, subscription model retailing has combined with e-commerce to permeate myriad products and services.

The concept has grown tremendously around the world and is forecast to thrive further, according to UnivDatos Market Insights’ report on recent and predicted trends in the sector.

The global subscription e-commerce market was valued at $13.2 billion (Dh48.5bn) in 2018. It is forecast to touch $478.2bn in 2025, and include the entertainment, fitness, food, cosmetics, baby care and fashion sectors.

The report says subscription-based services currently constitute “a small trend within e-commerce”. The US hosts almost 70 per cent of recurring plan firms, including leaders Dollar Shave Club, Hello Fresh and Netflix. Walmart and Sephora are among longer established retailers entering the space.

UnivDatos cites younger and affluent urbanites as prime subscription targets, with women currently the largest share of end-users.

That’s expected to remain unchanged until 2025, when women will represent a $246.6bn market share, owing to increasing numbers of start-ups targeting women.

Personal care and beauty occupy the largest chunk of the worldwide subscription e-commerce market, with changing lifestyles, work schedules, customisation and convenience among the chief future drivers.