Key Points
India on Thursday said it has rejected the demand of the four European nations EFTA bloc for inclusion of a 'data exclusivity' provision in proposed free trade agreements, stating that it always protects the interests of the domestic generic drugs industry...
Commerce Secretary Sunil Barthwal said there is no Free Trade Agreement (FTA) in which India would go against the generic drug industry...
The bloc is negotiating a trade agreement with India...
By gaining exclusive rights over this data, innovator companies can prevent their competitors from obtaining marketing licence for low-cost versions during the tenure of this exclusivity..
India's generic drug industry is estimated at about $25 billion and the country exports 50 per cent of its produce..
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