‘India should demand special exemptions on medical devices from EU under FTA’, global think tank GTRI suggests

India should pursue some special exceptions within the medical gadget trade from the European Union (EU) within the deliberate free commerce settlement (FTA). It will allow Indian exports to develop. This was proposed by the Global Commerce Analysis Initiative (GTRI) on Sunday.

India imposes a tariff ranging from 0 to 10 % on most medical devices. If the tariff on medical devices is decreased by India and the regulatory points within the EU will not be resolved, it may lead to the next import from the EU however may lower exports. GTRI mentioned India should request some exceptions in return with the intention to have a balanced and equitable settlement. Tariffs on medical devices should be decreased by India solely when the EU removes pointless tariff obstacles.

The India-EU FTA negotiations for medical devices are uneven. Whereas the EU calls for zero tariffs on medical devices from India, it maintains excessive regulatory obstacles, which makes it tough for India to export to EU markets.

The India-EU FTA negotiations for medical devices are uneven. Whereas the EU calls for zero tariffs on medical devices from India, it maintains excessive regulatory obstacles, which makes it tough for India to promote Indian merchandise in its market. This makes it tough for India to extend its exports to the EU market.

GTRI founder Ajay Srivastava mentioned that the EU customs responsibility charges are zero, however regardless of this, the price of coming into the market could be very excessive, as there are stringent situations within the regulatory framework there. He mentioned, exporting to the EU has grow to be harder now, because it has applied the Medical Machine Guidelines (EU-MDR) by changing the Medication Machine Directives (EU-MDD). These guidelines are extra strict.