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China Zero Tariffs For Cancer Drugs Precede High-Stakes Trade Talks

 
• By Brian Yang and Anju Ghangurde

China is opening up its domestic pharma market with an import duty exemption on 28 drugs including anticancers, effective May. The duty cuts came ahead of the latest trade talks between the US and China, though Chinese officials have underscored that countries like India could also stand to gain.

China
CHINA HAS SCRAPPED IMPORT DUTY ON CERTAIN DRUGS

From May, a total of 28 imported drugs can enter China with zero tariffs, including many of the main cancer medicines currently imported into the country.

The scrapping of duties came ahead of the latest broad-ranging US-China trade talks led by US Treasury Secretary Steven Mnuchin...

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