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ASEAN Five to Implement Common Standards on Pharmaceuticals
KUALA LUMPUR, Aug 24, 2006 (AFP) - Malaysia,
Singapore, Thailand, Indonesia and Vietnam will push ahead with
adopting common standards for documenting exports of
pharmaceuticals, aimed at cutting red-tape, by the end of year,
officials said Thursday. "So it will make the flow of goods smooth
and cost is minimum," Malaysian trade minister Rafidah Aziz told
reporters on the sidelines of the ASEAN economic ministers meeting.
The other members, Cambodia, Laos, Myanmar, and the Philippines are
expected to implement the common practice by December 31, 2008,
officials said. One ASEAN official said the five countries are
expected to implement the ASEAN Common Technical Dossiers in
pharmaceuticals, a billion dollar industry, by the end of this year.
"At the moment if you send something to Thailand, they have their
own set of documents. We are trying to harmonise it. This is what
integration is all about," he said. Southeast Asian economic
ministers agreed Tuesday to push for the creation of a single
regional market by 2015, five years ahead of schedule, to avert the
loss of foreign investment to China and India. As part of its bid to
slash the tariffs and red tape which made the unified China market
more attractive to manufacturers, ASEAN has also agreed to adopt a
"standstill" on non-tariff barriers. jsm/lh
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