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With the escalation of the Sino-US trade war, China may expand access to the Indian drug market

 Last Update: 2021-06-05
 Source: Internet
 Author: User

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Recently, China has severely criticized the threat of US President Donald Trump to impose additional tariffs on US$200 billion worth of Chinese imports.

$200 billion India

Indian trade officials said in New Delhi that Indian companies are expected to fill the gap in China 's demand for generic drugs (generic drugs), software, sugar and some rice varieties.

Generic drugs

According to officials of the two countries, no specific agreement has been signed, but there is strong hope for the sale of Indian medicines.

It is not clear what detailed terms the parties are working on.

Before the press conference, Sino-Indian pharmaceutical relations have become closer.

The announcement of the cooperation is also partly attributable to the influence of the movie "I am not the God of Medicine", a Chinese film about the smuggling of cheap anti-cancer drugs from India to China, which once again triggered a nationwide debate about the high price of anti-cancer drugs.

Chinese Ambassador to India Luo Zhaohui said that in May of this year, China exempted 28 kinds of drugs, including all anti-cancer drugs, from import tariffs.

(Compiled by Sina Medicine/Fan Dongdong)

Source: As US trade war escalates, China rolls out red carpet for Indian drugmakers

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