India wary of EU seizing Indian drugs
The Dollar Business Bureau As the new European Union trademark law has been passed without considering any of the suggestions India has made, now the country is weighing its options in case the EU seizes its pharmaceutical exports to the third world countries. According to a source from Commerce Ministry, the country will not hesitate to knock the doors of World Trade Organization. It is pursuing the issue bilaterally as it does not want any uncertainty. He also said that the EU is ready to discuss the matter with India to have a broader dialogue on Intellectual Property Rights. As per the stringent enforcement provisions of new trademark legislation, customs officials can seize international consignments destined to third countries if they have brand ...
Government defers India-EU FTA talks over ban on pharma products
The Dollar Business Bureau The government on Wednesday decided to defer the proposed talks between the chief negotiators on India–European Union Broad-based Investment and Trade Agreement (EU-BTIA) for the present. The decision was taken as the government is disappointed and concerned by the action of EU in imposing legally binding ban on the sale of around 700 pharma products clinically tested by GVK Biosciences, Hyderabad, an official statement said. Pharmaceutical industry is one of the flagship sectors of India which has developed its reputation through strong research and safety protocols over the years and therefore the government will examine all options in this regard. It is pertinent to mention that most of these drugs are already in EU market for many years ...
