Covid19 Vaccines Can Shape China, Indias Global Influence

With mass vaccination campaigns against Covid19 underway globally, there is an emerging gap between rich and poor nations in their abilities to secure enough shots to immunize their people. Wealthy nations have been accused of hoarding vaccines, mostly from PfizerBioNTech and Moderna. That has created room for India, China, and to an extent Russia, to develop, produce and supply vaccines to the developing world. Experts say those efforts can potentially bolster those countries influence and deepen their ties with other nations.

While it serves their foreign policy objectives, it serves their commercial interest to expand the market share of their vaccine products, Yanzhong Huang, a senior fellow for global health at the Council on Foreign Relations, told CNBC by phone. In the meantime, it also helps mitigate the vast disparities in terms of the vaccine access between the wealthy nations and the poor nations, he added. World Health Organization DirectorGeneral Tedros Adhanom Ghebreyesus said last week that drugmakers prioritized regulatory approval in rich countries where the profits are highest, rather than submitting full dossiers to expedite a global vaccine distribution initiative supported by the WHO. The world is on the brink of a catastrophic moral failure and the price of this failure will be paid with lives and livelihoods in the worlds poorest countries, Tedros said.

India has already sent 1 million Covid19 vaccine doses to Nepal, 2 million to Bangladesh,…

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