Pharmaceutical industry calls for tighter control on imports of foreign drugs
▸ Part of: Nepali Pharmaceutical Industry Demands Curb on Foreign Medicine Imports
Nepali pharmaceutical manufacturers are urging the government to implement stricter controls on imported medicines due to severe pressure from foreign competition. They advocate for policies that prioritize domestic production and restrict imports to raw materials for medicines already manufactured locally. Industry representatives report that around 10 factories have closed, and nearly 50 others are on the verge of closure, with operating industries running at significantly reduced capacity. They highlight challenges such as higher production costs, tax burdens, and lower customs duties on imported finished medicines compared to domestic producers.
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