Korea, Mexico to boost exchange, cooperation in medicine industry
05-Apr-16, The Korea Times
Korean companies exporting medicine and medical supplies to Mexico will not have to undergo on-site inspections by the Mexican health authorities, following an agreement between the two nations, the Ministry of Food and Drug Safety said, Tuesday.
%20GOB.jpeg "Korea Mexico to boost exchange cooperation in medicine industry (c) GOB")
Image: GOB
The agreement is expected to increase exports of medical products and medicines by $8 million annually, it said.
The ministry and its Mexican counterpart, the Federal Commission for the Protection against Sanitary Risk (COFEPRIS), signed memoranda of understanding (MOUs) on cooperation in the health industry during President Park Geun-hye's visit to Mexico.
According to the MOUs, the two nations will recognize each other's evaluation results of good manufacturing practice (GMP), a certificate on production and quality management of medicine, which is a must for a drug manufacturer before selling its products in local or international markets.