Whereas the Children's Vaccine Initiative (hereinafter referred to as “the CVI”) is
a coalition of governments, multilateral and bilateral agencies, non-governmental
organizations including foundations and associations, and industry dedicated to ensuring
the availability of safe, effective and affordable vaccines, the development and introduction
of improved and new vaccines and strengthening the capacity of developing countries
in vaccine development, production and use in immunization programmes;
Whereas at the initiative of the United Nations Development Programme (hereinafter
referred to as “UNDP”), the Republic of Korea has agreed to be the host country of
a newly created institute to be named as the International Vaccine Institute (hereinafter
referred to as “the Institute”) dedicated to strengthening the capacity of developing
countries in the field of vaccine technology and carrying out vaccine-related research
and development;
Whereas the Parties to this Agreement consider the Institute as an instrument to contribute
to achieving the goals of the CVI;
Whereas the Parties to this Agreement wish to create the Institute as an international
organization with suitable governance, juridical personality, and appropriate international
status, privileges and immunities and other conditions necessary to enable it to operate
effectively towards the attainment of its objectives;
Whereas the Parties to this Agreement wish to establish the Institute as an integral
part of the CVI policy framework, strategy and activities;
Now, therefore, the Parties signatory hereto agree as follows: