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U.S. ratification on FTA will deal another blow to pharmaceutical sector
Published: 2011-10-17 07:00:00
Updated: 2011-10-17 07:00:00
Both chambers of the U.S. Congress on Wednesday approved a free trade agreement (FTA) with Korea which will apparently help broaden the scope of the alliance.
The move is also expected to give another jolt to Korea's pharmaceutical sector that could lose up to 100 b billion won for the next 10 years, in addition to the government’s plan to cut drug prices by an average of 17 percent starting...
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