Nagaland News Watch

The European FTA bloc’s demand for “data exclusivity” is rejected by India

<p>India said on Thursday that it has refused to include a “data exclusivity” clause in potential free trade deals, as demanded by the EFTA group of four European countries, claiming that such a clause always serves to safeguard the interests of the home generic pharma business.</p>
<p><img decoding=”async” class=”alignnone wp-image-414005″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-the-european-fta-blocs-demand-for-data-exclusivity-is-rejected-by-india-2024-2larg.jpg” alt=”theindiaprint.com the european fta blocs demand for data exclusivity is rejected by india 2024 2larg” width=”1075″ height=”771″ title=”The European FTA bloc's demand for "data exclusivity" is rejected by India 6″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-the-european-fta-blocs-demand-for-data-exclusivity-is-rejected-by-india-2024-2larg.jpg 265w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-the-european-fta-blocs-demand-for-data-exclusivity-is-rejected-by-india-2024-2larg-150×108.jpg 150w” sizes=”(max-width: 1075px) 100vw, 1075px” /></p>
<p>There isn’t a free trade agreement (FTA) under which India would oppose the generic pharma business, according to Commerce Secretary Sunil Barthwal.</p>
<p>Members of the European Free Trade Association (EFTA) include Norway, Switzerland, Iceland, and Liechtenstein. With India, the bloc is negotiating a trade deal.</p>
<p>They insist that there be data exclusivity, but we turned them down. Here we are, with our generic sector.</p>
<p>“The Indian generic industry has nothing to fear (from this agreement).” Indeed, he told reporters here, “ensuring the success of the generic drug industry is our most important goal.” According to the secretary, the sector makes a substantial contribution to India’s expanding exports. “Therefore, we are present to safeguard the industry’s interests,” he said.</p>
<p>Data exclusivity safeguards the technological data produced by forward-thinking businesses to demonstrate the value of their goods. Drug firms gather information for the pharmaceutical industry via costly international clinical studies to demonstrate the effectiveness and safety of new medications.</p>
<p>Innovative businesses may stop their rivals from acquiring marketing licenses for less expensive versions of their products while they have exclusive access to this data. India exports 50% of its production and is anticipated to have a $25 billion generic pharmaceuticals sector. — PTI</p>
<p>What is exclusivity of data?</p>
<p>Data exclusivity safeguards technological data produced by forward-thinking businesses to demonstrate the value of their goods. Through acquiring exclusive rights to this data, these businesses may stop rivals from acquiring marketing licenses for less expensive versions.</p>