India to waive import duty on COVID-19 vaccines, says govt source - (Financial Post via NewsPoints Desk)

  • A senior Indian government official said the country will waive its 10% customs duty on imported COVID-19 vaccines as it tries to boost supplies to counter a surge in coronavirus cases, as reported in the Financial Post.

  • Imports of Russia's Sputnik V vaccine are due to arrive soon and the government has also urged Pfizer, Moderna and Johnson & Johnson to sell their products to India.

  • The official also said Indian is considering allowing private entities to import approved vaccines for sale on the open market without government intervention, adding they could also be given the freedom to set pricing.

  • According to the news source, other South Asian countries, including Nepal and Pakistan, as well as Latin American countries such as Argentina and Brazil levy vaccine import tariffs ranging between 10% and 20%.

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