E-mail lunthesis@163.com Phone 0551-65179860-203

China to Scrap Import Tariffs on 28 Drugs

Pub Date:18-04-24 09:10 Source:Xinhua

China will exempt import tariffs on 28 drugs including all cancer drugs from May 1 to fulfill its pledge of wider opening of the Chinese market, the Ministry of Finance (MOF) announced Monday.

The announcement followed a statement released after an executive meeting of the State Council on April 12 that import tariffs on all common drugs including cancer drugs, cancer alkaloid-based drugs, and imported traditional Chinese medicine will be exempt from May 1.

"The authorities will reduce the prices of cancer drugs through centralized government procurement and eliminate premium prices for drugs by means of cross-border e-commerce. Imported innovative drugs, especially much-needed cancer drugs, will be incorporated into the catalogue of medical insurance reimbursement," the statement said.

The measures will significantly enhance the availability and inclusiveness of the drugs and reduce the burden of patients, according to the MOF. They will also help maintain an open and inclusive multilateral trade system and enable more people to share common prosperity.

According to the national cancer institute, the market for antineoplastic drugs in China exceeds 120 billion yuan (about 19.1 billion U.S. dollars). However, they are usually too expensive for working class families.


Related News
- China to Exempt Import Tariffs on All Cancer Drugs    2018-04-13 09:03
- Drug Prices Negotiated Downward    2017-07-20 09:36
- Some provinces include cancer drug Gleevec into medicare    2015-02-09 15:55
- 17 Accused of Making and Selling Fake Drugs    2013-11-04 08:15
photo  >>
World Book Day Marked in Anhui
Spring Flowers Bloom in Anhui
Video  >>
Tourism, Business and Community Spirit Co-exist in Hongcun
Chinese Xuanzhi paper: Part 1
People  >>
The Guardian of China's Guest-Greeting Pine
A "Demoted" Official and His Ambition to Fight Poverty
Travel  >>
Spring Views of Xixinan Town in Anhui
Scenery of Lantana Camara Blossoms in East China's Anhui
Contact Us
Copyright ©2000-2016 anhuinews.com All rights reserved. Reproduction in whole or in part without permission is prohibited.