Coronavirus update: Latest vaccine and world news – CNN

A senior European diplomat is advising care over the use of proposed new rules that would govern exports of Covid-19 vaccines to beyond the EU. The guidelines were revealed by the European Commission earlier Wednesday.The tougher export controls put forward by the Commission would see vaccine shipments assessed based upon the destination countrys rate of vaccinations and vaccine exports.In a briefing to journalists, the diplomat said the EU and European countries require to, “beware with the extremely the nuclear alternative of a pure export prohibition.” And if not used properly in, “suitable scenarios, it will backfire.””We speak as– I would state– a pharma superpower, we have a substantial concentration of medicinal business on our area,” whose presence, “counts for several percentages of our work, of GNP,” the diplomat discussed.”We are extremely much knowledgeable about the interdependence of these logistical chains, and we believe that, using a tool of an export blocking could turn itself really rapidly versus ourselves,” the diplomat said, including he fears “it will expose us to plainly retaliation steps, breach of trust, and also future decreased possibilities for financial investments and trade.”The existing export mechanism– which focuses on pharmaceutical firms– has been in location given that the end of January and requires each business making Covid-19 vaccine to register its intention of exporting dosages outside of the EU. European countries in cooperation with the Commission choose whether to approve or reject shipments.In figures released today by the Commission, over 300 applications were made, with 43 million vaccines exported to 33 countries. Only one delivery of 250,000 doses of the AstraZeneca vaccine from Italy to Australia was blocked.The diplomat welcomed this “exceptional spin-off” of the present system. “We understand naturally the need for more openness, we are directly behind the Commission in that regard,” including that, “we have now an extremely precise view on how the export flows are organised.”Asked why the broadened legislation was being brought forward now, the diplomat stated they felt it, “probably it signifies some uneasiness which is ruling,” in some European counties. “The Commission is not deaf for what lives in member states, they hear cries for help or indignation, and its up to the Commission to review that and to put propositions on the table,” he added.European leaders will meet on Thursday and Friday to discuss this proposal and the wider coronavirus crisis in Europe. If signed off, the expanded export mechanism would “use till 6 weeks from its entry into force,” according to the Commissions draft text.

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