Tag: EFTA

India has rejected demand for data exclusivity in drug development in FTA talks: Commerce Secretary

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Data exclusivity pertains to a clause in the draft agreement that puts a minimum six-year embargo on clinical trial data generated during the testing and development of a drug. File | Photo Credit: The Hindu India has rejected the demand for ‘data exclusivity’, as part of ongoing discussions with the European Free Trade Association (EFTA)…

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Thorny clause in ripening India-European Free Trade Association deal may hit generic drug industry

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A clause in a draft free trade agreement text being negotiated between India and the European Free Trade Association (EFTA) — Switzerland, Iceland, Lichtenstein and Norway — could delay access to affordable, generic versions of patented drugs in India by a minimum of six years, according to documents viewed by The Hindu. A leaked draft…

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EFTA looking at reduction in trade barriers on pharma, Swiss chocolate, fish in proposed pact with India

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 Currently, there are approximately 330 Swiss companies in India, creating more than 1,70,000 jobs. More than half of them manufacture in India and export from there worldwide. | Photo Credit: Reuters, The Hindu Four-nation bloc EFTA is looking at significant reduction in trade barriers on sectors such as machine tools, advanced chemicals, pharma, chocolates, Norwegian and Icelandic…

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