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FTA will hurt pharmaceutical sector

Published: 2006-10-19 06:57:00
Updated: 2006-10-19 06:57:00
A report released on October 16 said Korea's pharmaceutical sector could lose up to 1 trillion won 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 by five years is accepted by the Korean government, the local pharmaceutical segment is expected to suffer at least a 1-trillion-won l...

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