The new trade agreement between Mexico, the US and Canada, now called the T-MEC entered into force on 1 July 2020.
New trade agreement between Mexico, the US and Canada
Home/Policies & Legislation | Posted 27/08/2021 0 Post your comment
When Mexico joined T-MEC with the US and Canada, it signed a chapter on medicines and health supplies in the agreement. Mexico agreed to unify criteria and conducts among the three bodies that regulate the authorization, use and marketing of drugs.
The purpose was to ensure the availability of patented and generic drugs as well as homogenize the market. With this, the population could be better served from a more unified criterion.
To avoid that the Mexican pharmaceutical industry from being dominated by Asian and Indian regional investors, it will not be surprising that the harmonization of policies and procedures of the Federal Commission for the Protection against Sanitary Risks (Comisión Federal para la Protección contra Riesgos Sanitarios, COFEPRIS), the US Food and Drug Administration (FDA) and the Canadian Agency for Drugs and Technologies in Health (CADTH) is accelerated within the framework of T-MEC.
The entry into force of the T-MEC trade agreement implied challenges and opportunities that must be addressed in a collaborative way among the multiplicity of participants in this regional market, in order to exploit the potential of the agreement as an instrument of regional economic recovery, and in the knowledge that its first review awaits us in 2026.
LATIN AMERICAN FORUM
The brand-new section the ‘Latin American Forum’ on GaBI has been launched. The objective of this new section is to provide you with all the latest news and updates on developments of generic and biosimilar medicines in Latin America in Spanish.
View this week’s headline article: Solicitudes de biosimilares bajo evaluación de la EMA - julio de 2021
Browse the news in the Latin American Forum!
LATIN AMERICAN FORUM
Se ha lanzado la nueva sección del ‘Foro Latinoamericano’ sobre GaBI. El objetivo de esta nueva sección es brindarle las últimas noticias y actualizaciones sobre desarrollos de medicamentos genéricos y biosimilares en América Latina en español.
Vea el artículo principal de esta semana: Solicitudes de biosimilares bajo evaluación de la EMA - julio de 2021
Explore las noticias en el Foro Latinoamericano!
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