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S KOREA'S PHARMACEUTICAL TRADE DEFICIT NARROWS.

AsiaPulse News

| September 01, 2003 | COPYRIGHT 2003 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SEOUL, Sept 1 Asia Pulse - South Korea's trade deficit in drug-related goods fell by 35 per cent annually to US$767 million in the first-half of this year, helped by the slowed import of low-cost Chinese medicines, a survey said.

According to the report by the Korea Pharmaceutical Traders Association (KPTA), a pharmaceutical industry lobbying group, exports of pharmaceutical goods stood at $US468.3 million for the six months ending June 30, a 5.2 per cent decline compared with the same period of a year ago.

Imports of drug-related goods also fell by 27 percent year-on-year during the period to $1.17 ...

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