India-UK Trade Boost: Medical Devices Secure Painless Market Entry

The India-UK trade pact incorporates a mutual recognition agreement to facilitate easier entry of Indian-certified medical devices into the British market, potentially increasing India's market share. It will reduce tariffs and foster cooperation between Indian and UK regulatory bodies, enhancing trust and market access.

India's trade pact with the UK introduces a mutual recognition agreement aimed at simplifying access for Indian-certified medical devices into the UK market, stated an official on Tuesday.

This development gives Indian manufacturers an edge over global competitors from China, Brazil, and Vietnam, easing their entry despite those nations facing non-preferential duty barriers.

A bilateral agreement between the Central Drugs Standard Control Organisation and the UK's Medicines and Healthcare products Regulatory Agency will be pursued to further bolster regulatory cooperation.

(With inputs from agencies.)