India looking at greater market access for pharma products in UK under proposed FTA: Official

The official said that both the countries are trying to secure a deal which is in their national interest

India is looking at greater market access for its pharma products in the UK as part of the proposed free trade agreement with Britain, an official said today.

The official also said that a leaked chapter of the agreement, which is floated on some portals, on Intellectual pProperty (IP) is edited, distorted, and is a manipulated version of an initial document of the UK.

“The best part in the proposed agreement is that both sides have highlighted their red lines and sensitivities. Ever-greening and touching manufacturing of generic medicines is completely non-negotiable,” the official added.

India has already secured greater market access for the domestic pharma industry in a trade pact with the UAE. Under the pact, Indian pharma products and medical goods will get regulatory approval within 90 days that have been approved in developed jurisdictions such as the US, the UK, the EU, Canada and Australia.

Similarly, the India-Australia trade deal would provide fast-track approvals and quality assessment/inspections of manufacturing facilities.

“In pharma, we are looking at a positive outcome from the India-UK deal. Regulatory cooperation with the UK’s Medicines and Healthcare products Regulatory Agency is on the cards,” the official said.

India and Britain launched negotiations for the Free-Trade Agreement (FTA) in January with an aim to conclude talks by Diwali (24th October), but the deadline was missed due to political developments in the UK. There are 26 chapters in the agreement, which include goods, services, investments and intellectual property rights.

According to the leaked document, the UK is allegedly seeking ever-greening of patents, which means that a company can continue to enjoy patent rights in perpetuity after making cosmetic changes.

The official said that no credit should be given to this document and both the sides can deny its veracity.

Edits by EP News Bureau

India pharma industryIndian Pharma Marketpharma productsUK pharma industry
Comments (1)
Add Comment
  • soundos

    These sites are very helpful, thanks for sharing.