Our Services-Best guide for international businessmen
In the last five years, Chinas market for medicines and health products has been experiencing a double digit growth, making China one of the fastest growing markets in the world. Pharmaceutical trade alone in 2007 was valued at US$24.6 billion, and is expected to surpass US$ 50 billion by 2010. As the market expands, more and more overseas companies have come to realize the critical importance of China to the success of their business.
In December, 2006, Ministry of Commerce of China, in association with relevant departments, established China Technological Service Center for Import & Export of Medicines and Health Products. China Chamber of Commerce for Import & Export of Medicines & Health Products（CCCMHPIE） was appointed to be in charge of the Center.
The mandate of the Center covers: technical guidance for health-care industry, policy advisory of medicines and health products overseas registration, outbound investment, overseas listing consultation, training as well as other technical support and solutions. Major target customers are Chinese enterprises in the industry of medicines and health products, particularly involve in international trade and investment, foreign cooperation and aid etc.
To meet the demand of the enterprises, the Center has started fulfilling its responsibilities immediately once it came into operation, including: organizes training courses and educational seminars, helps the enterprises go though the foreign registration process for medicines and health products and secure market authorization license, provides market analysis, technical solution plans and the corporate scheme for strategy development. To promote development of the health-care industry, the Center has also carried out series of activities including: lifts the domestic technology and standardization level; speed up the localization of the international standard and achieves the mutual recognition between China and other countries.
The Center leverages many resources to collect relevant registration and authorization information of medicines and health products overseas such as U.S., E.U., Russia, Japan, Korea, Canada, Singapore etc. The Center tracks the latest on foreign and regional safety and quality standards, collects the relevant technical information. To better the technical services, the Center has built long-term cooperation with a number of world renowned organizations with agreements and memoranda.
With the fast development of Chinese medical enterprises, the international market for China-made medicines and health products has expanded exponentially. China Technological Service Center for Import & Export of Medicines and Health Products will, as it has done, keep pace with the times, by continuously renewing the information and knowledge, extending technical service area, and seeking more partners, with a view to providing first-rate services for the Chinese enterprises in the future.