US, UK ink tariff-free deal to boost pharma trade

THE UNITED STATES announced a deal with Britain for zero tariffs on pharmaceutical products and medical technology on Monday which will lead to Britain spending more on medicines.

- ANDREA SHALAL, MAGGIE FICK & ALISTAIR SMOUT

The deal included an increase in the percentage of the state-run National Health Service (NHS) budget that is spent on medicines.

“The US and the UK announce this negotiated outcome pricing for innovative pharmaceuticals, which will help drive investment and innovation in both countries,” US Trade Representative Jamieson Greer said.