China, India signed a deal to reduce tariffs on Indian medicines, anti cancer drugs

Posted on:14 Jul 2018 09:00:02
China, India signed a deal to reduce tariffs on Indian medicines, anti cancer drugs
14 July 2018 Current Affairs: Indian drugs, specially cancer curing medicines, are in big demand in China. About 4.3 million people are diagnosed with cancer annually in China, according to a report of the state-run China Central Television.

Beijing, which earlier announced a cut on import duties on over 8,500 Indian items, will relax taxes on more goods from India and other countries as its trade war with the US heats up.

There is a popular movie 'Dying to Survive' about zero tariff imposition on anti-cancer medicines in China.

The two countries slapped tariffs on each other's products to the tune of $70 billion last week.

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