Limited export of traditional Chinese medicine to European Union to stimulate blowout

The organizer of the 11th world pharmaceutical raw materials China Exhibition said in Shanghai on the 24th that it should have been the first quarter of the off-season for the export of plant extracts, but this year showed different characteristics from previous years, with a substantial increase on a year-on-year basis According to the statistics of China Customs, in the first quarter of 2011, China's import and export of plant extracts reached US $310 million, an increase of 46.4% year on year Among them, the export volume was US $270 million, an increase of 53.4% year on year, and the proportion of plant extracts in the export of traditional Chinese medicine products gradually increased The reporter found that the EU market in the first quarter of this year has become the most eye-catching export market of plant extracts European Union countries, mainly Germany, Spain and the United Kingdom, saw an increase of nearly or more than 100% in the import of Chinese plant extracts in the first quarter The European Union is one of the world's largest vegetable drug markets and one of the main destinations for Chinese patent medicine exports According to the directive on the registration procedure of traditional botanical drugs issued by the European Union in 2004, all Chinese herbal medicines sold in the European Union market must be registered and licensed before April 30, 2011 according to the new regulations If there is no registration of traditional medicine, the sale of Chinese herbal medicine circulating in the EU market in the form of food and health products will be prohibited With regard to the above provisions, Tan Shengcai, Deputy Secretary General of China Chamber of Commerce for the import and export of medical and health products, told reporters that due to the lack of capital and technical preparation, although many domestic pharmaceutical enterprises have started the registration of EU traditional medicines, no one has yet declared the registration successful If the short-term domestic policy is not adjusted, Chinese patent medicine will be forced to withdraw from the EU market According to tan Shengcai, after the export of traditional Chinese patent medicine has been weakened, the market will increase the demand for plant extracts, "which leaves a huge growth space for the export of Chinese plant extracts, and is also one of the main reasons why the export of plant extracts to the EU doubled in the first quarter." It is predicted that China's export of plant extracts to the EU will show a "blowout" phenomenon for quite some time in the future.