Recent years have witnessed CCCMHPIE play a leading role in trade coordination among other things, it formulates quality standards for export products. A large number of standards, sponsored by CCCMHPIE, such as “Green Trade Standards of Imported & Exported Medicinal Plants & Preparation”, have been adopted by the government and have won widespread international recognition.
Additionally, CCCMHPIE is a leader in providing prompt and effective guidance to the Chinese companies facing anti-dumping and countervailing measures. In the past few years, Chinese medicinal products have been a major target for anti-dumping allegations. As the trade organization in China, CCMHPIE has successfully assisted its members in defending their legitimate interests in many a trade dispute.
To promote fair trade, CCCMHPIE plays an active role in promoting the commercial credibility among its members. It also recommends exemplary companies and their products to overseas buyers. A system of company credibility evaluation has been developed to help creat a credible environment for doing international business.
CCCMHPIE takes the lead in expanding the trade in medicinal and health products between China and the other countries. By establishing and maintaining close relationships with overseas drug administrations, CCCMHPIE has developed active and effective dialogue and cooperation with foreign governments with frequent exchanges of visits and information. This has greatly facilitated the trade between China and other countries. It has also formed strategic alliances with trade association in other lands, such as in Korea, Singapore, Japan, Hong Kong, Australia, Greece. Areas of cooperation include with its overseas counterparts the exchange of information on regulatory regime of medicinal and health products as well as market trends, hosting of visits of the signatory and its members, identification of sources of supply or sales agents, and matching of business.
Best guide for international businessmen
In the last five years, China’s 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.