Tariff on pharma sector
US President Donald Trump posted a 100 % tariff on the pharma sector on the social media platform Truth on Thursday, Trump has put this tariff on branded and patent pharma import, after which India’s pharma sector and the export to America on its behalf have again come into the limelight. Let us tell you that the tariff on the pharma sector by Trump will be applicable from October 1. Let us know which medicines India exports to America and on which medicines the trump tariff will be effective.
This medicine is US export
India is one of the world’s major drug exports, both generic and branded medicine goes from India to America. Along with this, apart from Indian pharma company US, Europe and other countries also export vaccines. Let us tell you that Trump Tariff will be applicable only to branded medicines. In such a situation, generic medicines will continue to be exported as before.
This medicine is the most exported
In the US, Indian pharma companies have the highest number of generic medicines. According to Cureton.in’s report, generic medicine is the highest export from India, which is paracetamol. Apart from this, generic drugs include ibuprofen (anti-inflammatory drug), metformin (diabetes), atorvastatin (cholesterol-reducing drug) and omprajole (treatment of acid reflux and ulcers).
These are branded medicine exports
Apart from generic drugs, the US imports many life -saving branded drugs from India, which imports antibiotic, heart related medicines, diabetes medicines, pen killer, cancer, antivirus HIV medication and vaccine. At the time of Kovid, the Government of India had banned the export of some medicines, so that stock of essential medicines was present in India.
Exports are the most medicines in these countries
If we talk about the annual export of India’s pharma sector, then the Indian pharma company exports about $ 25 billion drugs abroad annually, of which the most medicines are for America. After this, the Indian pharma company exports medicine for Britain, Germany, Russia, Brazil and South Africa. If we talk about Indian pharmaceutical companies, the major companies like Sun Pharma, Dr. Reddy’s Laborators, Cipla, Lupine, Aurobindo Pharma and Zidas Lifesains make branded drugs.