Advance Purchase Agreements definition
Examples of Advance Purchase Agreements in a sentence
On the basis of the present agreement, the Commission is mandated to conclude, on behalf of the Participating Member States, Advance Purchase Agreements (“APA”) with vaccine manufacturers with the objective to procure vaccines for the purposes of combatting the COVID 19 pandemic at Union level.
The Advance Purchase Agreements contain a provision on the equal distribution of vaccine doses to Member States, which will ensure that each country receives doses based on a pro rata population distribution key, unless otherwise agreed between the participating Member States in the course of implementation of the Advance Purchase Agreements.
From the EU’s website, the Commission “entered into Advance Purchase Agreements with individual vaccine producers on behalf of Member States.
It was activated in 202012 to provide an immediate response to the outbreak of COVID-19, mostly in order to support the health sectors in the Member States and to finance Advance Purchase Agreements (APAs) on behalf of all Member States with vaccine manufacturers.The Commission proposes to reinforce the Emergency Support Instrument in 2021 by a total amount of EUR 231,7 million in commitment appropriations, of which EUR 156,2 million in this draft amending budget.
M.R. “Vaccine procurement during an influenza pandemic and the role of Advance Purchase Agreements: Lessons from 2009-H1N1,” Global Public Health 11 no.