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WHO’s Historic Agreement: A Major Step Towards Global Pandemic Preparedness

In a groundbreaking move, members of the World Health Organization (WHO) have reached a historic, legally binding agreement aimed at preparing the world for future pandemics. This pact, designed to address the lessons learned from the COVID-19 crisis, sets the stage for a more equitable global response to health emergencies, particularly in the distribution of essential drugs, vaccines, and medical technologies.

The agreement marks a significant milestone in global health governance, especially at a time when multilateral institutions like the WHO are facing considerable financial strain. The United States, which was once the WHO’s largest financial contributor, withdrew from negotiations after President Donald Trump initiated the U.S.’s departure from the organization. Despite this setback, the deal underscores a strong commitment from member states to work together on global health security, with or without U.S. involvement. “This is a historic moment,” said Nina Schwalbe, founder of global health think tank Spark Street Advisors. “It demonstrates that countries are committed to multilateralism and to collective action.”

This agreement, the second of its kind in WHO’s 75-year history (the first being a tobacco control treaty in 2003), focuses on structural inequalities in how pandemic-related health tools are developed and distributed. Article nine of the deal ensures that future pandemic-related drugs, therapeutics, and vaccines will be made globally accessible. It also gives the WHO stronger oversight over medical supply chains and paves the way for local production of vaccines during health crises.

A key challenge in the negotiations was the issue of technology transfer—sharing the knowledge and manufacturing capabilities necessary for lower-income countries to produce their vaccines and treatments. To address this, the agreement mandates that manufacturers allocate at least 20% of their real-time production to the WHO during a pandemic, with a minimum of 10% designated for donation and the rest priced affordably for developing nations.

The deal is not yet finalized, as it must be adopted at the WHO Assembly in May, and some details, such as the annex on Pathogen Access and Benefit Sharing, still require further negotiation. However, once ratified, the agreement will bolster global preparedness, enabling quicker responses to future pandemics and more equitable access to life-saving resources.

As health experts emphasize, the global community must invest in preparedness now to avoid the costly toll of another pandemic. “We can’t afford another pandemic, but we can afford to prevent one,” said Helen Clark, co-chair of The Independent Panel for Pandemic Preparedness. This agreement represents a critical step toward ensuring that the world is better equipped to face future health crises with solidarity, transparency, and a commitment to equity.

Cyprus Industrial Producer Prices Rise 4.4% in July, Led By Electricity And Manufacturing Gains

Over the first seven months of 2026, Cyprus’ industrial price index increased 1.3% compared with the same period in 2025.

Electricity Drives The Monthly Advance

On a month-on-month basis, electricity supply recorded the sharpest increase among the main industrial sectors, with prices rising 9.9%. Manufacturing prices increased 0.2%, as did water supply and materials recovery, while mining and quarrying were unchanged.

Local-market prices rose 2.3% from June to 130.8 points, while the export market index fell 0.3% to 114.9 points.

Annual Gains Widespread Across Sectors

All four major industrial sectors recorded higher prices in July than a year earlier. Electricity supply led with a 14% increase, followed by water supply and materials recovery at 5.6%, manufacturing at 2.1% and mining and quarrying at 1.6%.

Local-market prices rose 4.6% year over year, while export prices increased 3.3%.

Seven-Month Growth Remains Moderate

From January through July, water supply and materials recovery posted the strongest sectoral increase, at 3.1%. Mining and quarrying rose 2.9%, manufacturing 1.4% and electricity supply 0.7%.

The export market index increased 2.5% over the period, compared with 1.1% growth for the local market index.

Manufacturing Trends Vary By Segment

Electronic and optical products and electrical equipment recorded the largest annual manufacturing price increase, at 11%, followed by basic metals and fabricated metal products at 5.6%. Furniture, other manufacturing, and machinery repair and installation rose 5.2%, while wood products increased 4.3%.

Machinery, motor vehicles and other transport equipment gained 3.2%, other non-metallic mineral products rose 2.1%, and refined petroleum, chemical and pharmaceutical products increased 1.5%. Food, beverages and tobacco declined 0.1%, while textiles, clothing and leather products were unchanged.

Monthly Manufacturing Trends Remain Mixed

Basic metals and fabricated metal products recorded the strongest monthly increase, at 0.6%. Other non-metallic mineral products and machinery, motor vehicles and other transport equipment rose 0.5%, while refined petroleum, chemical and pharmaceutical products increased 0.4%.

Furniture, other manufacturing, and machinery repair and installation recorded the largest monthly decline, at 0.3%. Food, beverages and tobacco and paper products and printing fell 0.1%, while several other segments posted smaller increases or were unchanged.

First Seven Months Show Uneven Sectoral Performance

Electronic, optical and electrical equipment recorded the largest increase during the first seven months, at 6.8%, followed by furniture, other manufacturing, and machinery repair and installation at 5.6%. Wood products rose 2.5%, basic metals and fabricated metal products 2.3%, and machinery, motor vehicles and other transport equipment 1.9%.

Other non-metallic mineral products increased 1.3%, refined petroleum, chemical and pharmaceutical products 0.8%, and rubber and plastic products 0.6%. Food, beverages and tobacco and paper products and printing each rose 0.2%, while textiles, clothing and leather products increased 0.1%.

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