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Asia-Pacific Economic Recovery

Unequal vaccine access has left most of the world's population vulnerable to contracting Covid-19 and to become fertile ground for Covid-19 mutations.

By
KOMPAS EDITOR
· 3 minutes read
https://cdn-assetd.kompas.id/AHpZGzaATDw__XSYH4mOqoWKxKo=/1024x683/https%3A%2F%2Fkompas.id%2Fwp-content%2Fuploads%2F2021%2F11%2F000_9RF28B_1636802326.jpg
AFP PHOTO /APEC NEW ZEALAND/ ZAHN TROTTER

This handout picture taken and released on November 11, 2021 by APEC New Zealand shows China's President Xi Jinping (top L) appearing on a screen via video link during the virtual business conference on the sidelines of the Asia-Pacific Economic Cooperation (APEC) CEO summit hosted by New Zealand in Wellington.

The leaders of the Asia-Pacific Economic Cooperation (APEC) vowed during a virtual summit on Friday (12/11) to address regional economic recovery in the region by continuing to respond to the Covid-19 pandemic, tackling climate issues and strengthening supply chains.

One of the agreed points was to ensure equitable vaccine access by lowering tariffs for procuring Covid-19 vaccines and related medical supplies. The average vaccine tariff is very low, at about 0.8 percent. A different situation prevails in the procurement of medical supplies such as alcohol solutions, primary packaging, freezers equipment, and rubber stoppers. The average tariff on these medical supplies is 5 percent.

Editor:
Syahnan Rangkuti
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