New Delhi, January 30th, 2020: Amid the ongoing positive developments in the US-India trade deal, speculations to replace the practice of blanket price caps for high-end medical devices and opt for trade margin rationalisation (TMR) have surfaced online. If media reports are to be believed, there has been substantial progress on the trade negotiations with […]
US
India filling the boots of the US in Paris Agreement
Donald Trump’s decision to remove the US from the Paris Agreement was met with dismayed reactions around the globe. One of the reasons cited by Trump for leaving the agreement was the fact that Indian coal production was increasing, while the US was expected to cut all coal production. It is no secret that India […]
Raising awareness of rare diseases
Rare diseases — despite the uncommonness that the name infers — cumulatively affect around 350 million people. This figure includes around 30 million individuals from the US and roughly 70 million in India. Simultaneous seven-kilometre walks/runs were held in Bengaluru and Mumbai in order to raise awareness for 7,000 rare diseases and the 70 million […]
India defiant in US dispute over price capping
India has responded to US criticism of the price capping of medical devices with defiance. It is refusing to abstain from continued price regulation. India received a specific mention in the US Special 301 reports from the National Trade Estimate Report on Foreign Trade Barriers (NTE) regarding the price capping. The report identifies India’s National […]
US and India’s relationship souring over price capping?
Just a few months ago the relationship between India and the US was touted by President Donald Trump as having “never been stronger”. Will India’s policy of price capping medical devices sour this relationship? The US Trade Representative (USTR) is reportedly considering revoking the special tariff with India if it continues to implement price caps […]
US intervention in price capping
The US seems intent on stopping the Modi administration extending price caps on medical device. The US has outright requested the Indian government to not extend the caps said a US trade official in discussions with Reuters. There has also been a request that, should companies based in the US no longer wish to provide […]
US India relationship has “never been stronger”
The relationship between India and the US has “never been stronger”, as both countries pledge to work together on health. A second India-US health dialogue in September concluded with a renewed bilateral commitment from both countries to collaborate against issues of mutual concern. “Working together, we can tackle problems relevant to both our nations, such […]