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EU - JAPAN FTA
Perspectives from the pharmaceutical industry
EESC – Hearing on EU - Japan FTABrussels, 15 January 2014
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Pharmaceuticals: trading with Japan
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Japan is the 2nd largest national market for pharmaceuticals: 12% of the global market, circa €74 billion.
The EU pharmaceutical industry is one of few sectors to contribute positively to the EU’s trade balance. Its trade surplus of €54 billion in 2012 was the highest among high-tech industries.
Japan is the 4th largest EU export market for pharmaceuticals.
A majority of EFPIA members have affiliates and subsidiaries in Japan and EFPIA counts Japanese companies among its members. European companies have established a cooperation platform known as EFPIA Japan in Tokyo.
Breakdown of the world pharmaceutical market 2012 sales
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Note: Europe includes Turkey and RussiaSource: IMS MIDAS, 2013
EU - Japan FTA offers opportunities
EU-Japan FTA represents a useful platform to bring both markets closer together and boost global drug development.
EU-Japan FTA can create the necessary conditions for a stable investment framework for pharmaceutical companies' research activities, enabling an early recovery of the R&D costs in Japan.
EU-Japan FTA can allow increased harmonization of regulatory processes and standards for drugs and vaccines in EU and Japan.
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EU-Japan FTA negotiations
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EFPIA recommends:
Expansion of MRA on GMPs inspections: build on current MRA and expand it to all MSs and all biopharmaceutical products.
Bridge vaccines gap: seek greater harmonization of regulations governing EU and Japan vaccines policies.
Address transparency and predictability of market environment: Negotiate an Annex on Pharmaceutical Products.
Additional elements: underscore importance of IP protection and enforcement; customs facilitation; effective institutional framework.
EU-Japan FTA negotiations and civil society
What benefits for civil society? Bringing regulatory frameworks closer, facilitating R&D
collaboration, creating new market opportunities: bringing innovative medicines faster to the market and enhance greater access to medicines for patients in EU and Japan.
What role for civil society? Use all communication channels available: receive up-to-date
information and input the negotiations. Promote an informed debate and dialogue: receive regular information
from negotiators, participate in public debates and hearings, communicate your preferences and resolve doubts and concerns.
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EFPIA Brussels Office
Leopold Plaza BuildingRue du Trône 108B-1050 Brussels - Belgium Tel: +32 (0)2 626 25 55
www.efpia.eu
EFPIA Brussels Office
Leopold Plaza BuildingRue du Trône 108B-1050 Brussels - Belgium Tel: +32 (0)2 626 25 55
www.efpia.eu