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MoU in pharma signed between India and Ukraine
Nov 15, 2013

The Fifth Session of the India-Ukraine Inter-Governmental Commission on Trade, Economic, Scientific, Technological, Industrial and Cultural Cooperation held in New Delhi . The talks were held in a friendly and constructive atmosphere. The Session reviewed the current status and future prospects of cooperation in trade and investment, heavy/light industry, fertilizers, pharmaceuticals and healthcare, mining and metallurgy, science and technology, energy (coal, nuclear), transportation, agriculture and food processing, education, culture and tourism. 

During the meet India and Ukraine signed a Memorandum of Understanding (MoU) for cooperation in joint ventures and research and development in pharmaceuticals and bio-pharmaceuticals. Both countries also agreed to work towards early conclusion of an agreement to simplify visa procedures to ease movement of business people and tourists.

Pharmaceuticals constitute the bulk of India’s exports to Ukraine amounting to about US$ 375 million per annum. The Ukrainian side agreed to address the concerns of Indian pharmaceutical companies operating in Ukraine. Both sides also agreed to work on an agreement on simplification of visa procedures to ease movement of business people and tourists.

India and Ukraine also decided to hold the next session in Kiev next year on mutually convenient dates.

 


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