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Bangladesh: UN trade group wants nation to open pharmaceutical market

 |  May 1, 2014

The United Nations Conference on Trade and Development has reportedly encouraged Bangladesh to open its markets, particularly its pharmaceutical industry, to foreign investment should the nation wish to continue its economic development.

According to reports, UNCTAD concluded its sixth session of its Investment, Enterprise and Development Commission on Friday to promote entrepreneurship and technological innovation.

The session included the presentation of UNCTAD’s investment policy review of Bangladesh, concluding that the nation has “an enormous potential” to attract foreign direct investment considering its strategic position between two emerging markets, among other benefits.

UNCTAD reportedly recommended investment policy reforms and, in particular, to relax is pharmaceutical regulation that has largely weakened foreign investment in the industry.

Bangladesh reportedly said it would carefully review the recommendations.

Full content: Intellectual Property Watch

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