India and South Korea sign MoU to enhance cooperation in pharmaceutical industry
Pharmaceuticals Export Promotion Council of India (Pharmaexcil) has recently inked a Memorandum of Understanding (MoU) with South Korea to enhance the pharmaceutical trade and business between the two countries. The signing of the MoU took place during the 22nd India-South Korea Joint Commission Meeting on Trade, Economic and Scientific Cooperation held virtually on Wednesday. Pharmaexcil is an organization under the aegis of the Department of Commerce, Ministry of Commerce and Industry, Government of India. Its objective is to promote and develop the export of pharmaceutical products from India. The MoU aims to facilitate the exchange of information on pharmaceuticals, pharmaceutical regulatory affairs, and policies related to the pharmaceutical industry in both countries. It also seeks to promote the establishment of partnerships between the companies of both countries and to encourage collaboration in areas such as research and development, manufacturing, and distribution of p...