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KORUS FTA to hurt pharmaceutical sector
Published: 2011-08-09 07:00:00
Updated: 2011-08-09 07:00:00
A report released by the Ministry of Strategy and Finance said Korea's pharmaceutical sector could lose 68.6 billion in production for every year if a U.S.-Korea free trade agreement goes through.
The estimated losses are based on an assumption that if the U.S. request for a longer patent guarantee period is accepted by the Korean government, the local pharmaceutical segment is expected to s...
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