India rejects European FTA ‘data exclusivity’ demand to protect interests of generic drug firms

Syllabus: GS-II

Subject: International Relations

Topic: India’s relations with other countries.

Issue: European FTA

Context: India rejected the European FTA’s demand for ‘data exclusivity’.

Synopsis:

  • Data exclusivity shields innovator companies’ technical data from competitors.

+ Prelims Connect:

·         Generic Drugs: These are medications that contain the same active ingredients as brand-name drugs and are typically sold at a lower cost.

·         European Free Trade Association (EFTA)

is a regional trade organization and free trade area consisting of four European states: Iceland, Liechtenstein, Norway and Switzerland.

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