Argentina has assured India that it would solve the issues pertaining to restrictions on pharmaceutical firms for exporting formulations. This was conveyed by Argentine Minister of Industry, Debora Giorgy to visiting Union Minister of State for Commerce and Industry, Jyotiraditya Scindia, at a bilateral meeting inBuenos Aires on Tuesday night.
“The Indian pharmaceutical industry is among the largest and the most developed in the world. Increased market access can benefit both the countries,” he told the Argentinian minister who forthwith agreed to find a solution to the problem.
The union minister also highlighted the difficulties for Indian businessmen to obtain Argentine visa. He pointed out that it was a problem that needed resolution if bilateral trade and investment were to grow. Giorgy agreed and promised to resolve this. “There is a need to introduce a new element in bilateral relationship-- people to people, along with government to government and business to business,” he emphasized.
Widening and deepening of the preferential trade agreement with MERCOSUR –a trading bloc comprising Brazil, Argentina, Uruguay and Paraguay – was one of the key agendas of the visit of the minister. Argentina, a key member of the trading bloc, is expected to expedite the completion of the expansion process.