Dec 4, 2019 - Politics & Policy

Biologics provision may be dropped from USMCA

Caitlin Owens, author of Vitals

Illustration: Sarah Grillo/Axios

Mexico is considering a U.S. proposal to leave biologics protections out of the new trade deal between the two countries and Canada, Bloomberg reports.

Why it matters: The change could help the trade agreement get across the finish line by garnering Democratic support, but it'd be a big loss for the pharmaceutical industry.

Details: The original trade pact, which was a renegotiation of NAFTA, would have given biologics 10 years of market exclusivity in each of the three countries — an extension of their monopoly period under current Mexican and Canadian law.

  • Including pharmaceutical industry protections in trade deals has been a Republican priority for years.

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Axios
Updated 1 hour ago - Politics & Policy

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Illustration: Sarah Grillo/Axios

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