Connect with us

Hi, what are you looking for?

Economy

Duterte accuses European Union of holding vaccines hostage

MANILA – Philippine President Rodrigo Duterte on Monday accused the European Union of holding up supplies of COVID-19 vaccines to other countries and complained that less wealthy countries lacked the power to secure all they sought.

“This is a fight among the highest bidders, who can pay first,” Duterte said in a televised address.

“We are not rich,” he said, although he assured the public his government has the funds to procure vaccines.

The Philippines has more than 527,000 confirmed coronavirus cases – among the highest in Asia – and 10,807 deaths.

It has lagged regional peers in securing vaccines, with which Manila hopes this year to inoculate 70 million people, or two-thirds of the population.

Duterte said the issue was getting the supplies as big powers like the EU not only buy up doses in bulk but have threatened to restrict exports of COVID-19 vaccines, particularly AstraZeneca.

“AstraZeneca was held hostage by the European Union,” Duterte said.

The British-Swedish drugmaker AstraZeneca said last week it would fall short of delivering promised vaccines to the EU, triggering a furious response from the bloc.

The EU is now looking into a scheme to monitor and authorise export of vaccines, potentially blocking them if its own supply is not met.

“Here we have the ASEAN (the Association of Southeast Asian Nations), but we are not really as powerful as the EU. We don’t have connections,” Duterte said.

AstraZeneca is one of the seven vaccine manufacturers the Philippines is in talks with for supply deals, which are on top of the millions of doses its expects to receive via the COVAX facility. — Reuters

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Investing

New research has revealed that funding into new UK businesses still weighs heavily in favour of male-led businesses – who receive 6.2 times more in...

Economy

(First of two parts) A week ago, on Thursday, March 23, World Athletics (WA), the international governing body of athletics, announced through its president,...

Economy

One study estimates that land-based lithium supplies will be depleted by 2080. And given the high demand now for lithium globally — to use...

Economy

Yesterday, Department of Finance (DoF) Secretary Benjamin E. Diokno held a press briefing with the Malacañang press corps and shared his presentations in a...

Economy

IN THIS AGE of “disintermediation,” even the barrier to conversations has been rendered passé. Mobile communications allow a caller to access his party without...

Economy

JIM O’NEILL, the former Goldman Sachs Group, Inc. chief economist who coined the acronym BRIC, said the bloc of nations that later adopted the...

You May Also Like

Investing

Browsing history makes referring to sites and pages you’ve visited in the past seamless. It’ll help you recall what page you checked out on...

Investing

The minute that any question pops into your head, you can simply ask Google. No longer do we have to pour over books and...

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Investing

Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.