Wednesday, April 29, 2020

What is essential during a pandemic? Is it all about trade?

Well, a few blogposts back, I had written about the inverse exception.

Abhijit Das has raised a very pertinent question about the misuse of this free flow of medical essentials in this item:

The ongoing Covid-19 pandemic has highlighted the need for countries to be self-sufficient in products that may be required for current and future medical emergencies. This has become a stated goal of even developed countries, such as France. Given this imperative, if India and some other developing countries seek to create a manufacturing base for medical products, then the nascent industry will require tariff protection for a few years. The joint proposal will eliminate this possibility. Developing countries would perpetually remain at the mercy of firms in the developed countries for meeting their needs in this area, during the Covid-19 pandemic and thereafter, as well.
And on the misuse

At a time when the world is grappling with death, destruction and desolation, it is shocking that responsible countries are eyeing business opportunities in products such as ice creams, cut flowers, wines etc, which are not even remotely linked to combating Covid-19. This completely unmasks the true commercial intent of the joint proposal. 

Some food for thought?

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