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FTA will hurt pharmaceutical sector

Published: 2009-07-16 07:00:00
Updated: 2009-07-16 07:00:00
The successful conclusion of a free trade pact between Korea and the European Union is expected to deal a blow to the local pharmaceutical industry, according to the Korea Pharmaceutical Manufacturers Association.

Following a newly agreed upon patent system - which will lengthen the licensing period of exclusive pharmaceuticals and similar products in Korea - domestic drug makers will be ban...

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