Jordan/EU Deal: "Boost" For Pharma
The new partnership accord between Jordan and the European Union, whichshould lead to a reciprocal free trade zone by 2010, includes resolution of patent and intellectual property rights of Jordan's pharmaceutical industry.
Many feel the phase-in period leading to tariff-lifting and harmonization of standards will help spur mergers and consolidation in the drug sector, reports Reuters. Jordan's drug industry, now on a European watch list for patent infringement, is thought to have an edge because of its lower production costs.
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