India rejects European FTA ‘data exclusivity’ demand to protect interests of generic drug firms
India rejects European FTA ‘data exclusivity’ demand to protect interests of generic drug firms
Current Affairs Daily Articles & Editorials
La Excellence IAS Academy | February 16, 2024 | International Relations
Syllabus: GS-II
Subject: International Relations
Topic: India’s relations with other countries.
Issue: European FTA
Context: India rejected the European FTA’s demand for ‘data exclusivity’.
Synopsis:
- Data exclusivity shields innovator companies’ technical data from competitors.
+ Prelims Connect:
| · Generic Drugs: These are medications that contain the same active ingredients as brand-name drugs and are typically sold at a lower cost.
· European Free Trade Association (EFTA) is a regional trade organization and free trade area consisting of four European states: Iceland, Liechtenstein, Norway and Switzerland. |
Source: The Hindu
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