India, China to benefit from latest economy package

The Jakarta Post

The Jakarta Post

Jakarta

Jakarta, posted: Sun, November 8, 2015 | 03:43 pm

Kontan.co.id

India and China, the two largest suppliers of pharmaceutical raw materials to Indonesia, look likely to be the biggest winners from the government'€™s sixth economic package, which is aimed at simplifying permits for the importation of raw materials for drug manufacturers.

'€œMost of our raw materials are imported from China and India,'€ said Food and Drug Monitoring Agency (BPOM) chairman Roy Alexander Sparringa in a text message to Tempo.co on Saturday, adding that the US and Europe were the largest and second-largest exporters of medicine to the Indonesian market.

As previously announced, the government has eased drug-related imports by providing legal assurance of simpler permits issued by BPOM. The import license previously acquired through a transactional mechanism will be shifted to a periodical one, in a bid to trim the number of permits needed in the import sector.

The business community gladly welcomed the new policy, saying the measures were '€œin line'€ with their expectations, would lead to greater efficiency in transactions in the drug industry and might even boost national capacity.

'€œThis is a huge relief. We demanded these [measures] during our latest meeting with President Joko Widodo a while ago,'€ said Indonesian Food and Beverage Association (GAPMMI) chairman Adhi S. Lukman on Friday. (ags)

 

 

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