| 04 Dec 2009 |
|
Amman, Cairo agree to ease import of medicines
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AMMAN - Jordan and Egypt have decided to remove restrictions related to the import of medicines manufactured in both countries to facilitate trade, a Jordanian official said on Thursday.
The decision, which was made during the meetings of the Joint Jordanian-Egyptian Higher Committee late last month, seeks to boost Jordanian pharmaceutical exports, according to Mohammad Rawashdeh, the director of the Jordan Food and Drug Administration (JFDA).
The latest figures issued by the Department of Statistics indicate that exports of Jordanian-manufactured medicines dropped by 11.4 per cent during the first eight months of 2009, amounting to JD213 million, down from JD240.5 million during the same period in 2008.
"It is part of our duty in the administration to find mechanisms that assist in boosting the country's economy," Rawashdeh told The Jordan Times on Thursday.
He noted that as part of the bilateral agreement, both sides agreed to accelerate the registration of Jordanian- and Egyptian-made pharmaceuticals in both countries.
"Usually, registering Jordanian medicine in Egypt takes a long time, with procedures taking up to two years in some cases," Rawashdeh explained.
Under the new regulations, however, the registration period will take no longer than six months, he pointed out, adding that both countries have discussed the issue of pricing.
"Jordanian medicines are expensive compared to Egyptian brands, so we have decided to export drugs with reasonable prices more suitable for the Egyptian market," Rawashdeh said.
According to official figures, Egypt imported JD5.25 million worth of Jordanian medicines in 2008, while Jordan imported JD5.6 million worth of Egyptian pharmaceuticals during the same period
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