PHARMA MANUFACTURERS TO BENEFIT FROM EU-EAST AFRICA AND ECUADOR TRADE DEALS
November 1st, 2014
EUROPEAN Union (EU) pharmaceutical manufacturers will benefit from two new free trade deals negotiated by the EU – with the East African Community (EAC) and Ecuador. The EAC deal covers the growing markets of Kenya, Tanzania, Uganda, Rwanda and Burundi – and will see these countries phasing out their import tariffs on EU exports over the next 15 years. As regards EAC exports to the EU, Kenya-made products will become duty free – the other countries largely have duty free access anyway under the EU’s ‘everything but arms’ duty free arrangements for ...
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