India-China pharma meet

Why is it in the news?
    • A high-level delegation from India will be sent to China next month for the first meeting of the working group on pharmaceuticals with China.
    • The meet is scheduled to be held in Beijing.
 
More in the news
    • The working group meeting comes in the backdrop of growing efforts by India to increase pharma exports to China.
    • The initiative is taking place under the India-China Strategic Economic Dialogue (SED) Mechanism.
    • The emphasis has been on impressing upon China to make the drug registration process easier for Indian pharma companies.
    • Pharmaceuticals, according to Pharmexcil, has come to the centrestage of such discussions in the wake of China removing import tariffs on oncology drugs and a few others products.
    • It is against this backdrop India is keen on China relaxing the drug registration process.
    • Data:
      (1) In 2018-19, China figured in the 17th spot in the list of India’s top pharma export destinations.
      (2) At $230.19 million, exports increased 14.83% from the previous year’s $200.46 million.
      (3) The growth potential, however, is much higher, considering the fact that the exports grew 52% in 2017-18.
      • Indian Delegation:
        1. The Indian delegation will be led by Joint Secretary to the Department of Pharmaceuticals and comprise senior officials from the Commerce Ministry as well.
        2. Senior executives of a few pharma companies from India as well as of those already involved in their firms’ operations in China.
    Source
    The Hindu.
    Posted by Jawwad Kazi on 30th Apr 2019
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