Pharmaceutical Industry Concerned About Free Trade With India

News: The Pakistani pharmaceutical industry opposed unconditional easing of trade restrictions with India due to fears of inferior drugs flooding drugstores. The statement was made by Kaiser Waheed, former chairman of the Pakistan Pharmaceutical Manufacturers Association, in an interview tih The Express Tribune. Only about 100 drugmakers out of the approximatley 25,000 manufacturers in India are foreign-accredited with state-of-the-art facilities and standardised, high-quality products. These drugmakers tend to only export their high-value products to developed markets. Waheed said the majority of the pharmaceutical industry in India, which is unregulated, will supply drugs to Pakistan. These will replace domestically made drugs of better quality if the government does not give the local industry a level playing field after lifting trade restrictions, Waheed argued.

This article is tagged to:
Sector: Pharmaceuticals & Healthcare
Geography: India, Pakistan, India, Pakistan, Pakistan

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