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Impact of FTAs on pharmaceutical industry

Published: 2011-03-07 07:00:00
Updated: 2011-03-07 07:00:00
The free trade agreement with the United States and European Union will have a different impact across industries based on the final tariff agreement.

However, the domestic pharmaceutical industry will likely experience wide-scale restructuring as the result of a stronger patent protection.

In pharmaceutical patents, Korea and the U.S. agreed that Korea would bring patent protection up to...

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