India Negotiating Generic Export Prices with UAE

Syringe with glass vials and medications pills drug

The Indian government is currently negotiating drug external reference pricing (ERP) with the United Arab Emirates (UAE). To cap drug prices, the UAE uses an ERP based primarily on wealthy European nations and the US. Officials contend that this practice and vaccine import rules that exclude Indian generics barriers to exporting generics and vaccines.

According to Ravi Dutta Mishra, “Experts said that the absence of India and China where prices are low means that the price mechanism would be tilted on the higher side and therefore act as a barrier for Indian exporters even as India produces affordable medicines.”

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(Source: Mint, May 8^th, 2023)