Tuesday, September 19 2017 15:15
Naira Badalian

The Union of Drug Manufacturers and Importers of Armenia: the unified drug market of the EAES has become an additional burden for the local producer

The Union of Drug Manufacturers and Importers of Armenia: the unified drug market of the EAES has become an additional burden for the local producer

ArmInfo. Formation of the single market of medicines of EEUdid not improve the situation with exports for Armenian manufacturers of medicines. On the contrary, it created artificial barriers to the free circulation of more than 450 names of Armenian medicines in the markets of the EEUcountries. This was stated by the head of the Union of Drug Manufacturers and Importers of Armenia Samvel Zakaryan on September 19 at a press conference.

The functioning of the unified drug market of the EEU,  in his words, is almost complete. Meanwhile, for today the existence of numerous tasks, external contradictions in the legislative field do not allow the market participants to operate sufficiently freely and coordinated, as was originally stated.  The number one problem, as explained by the expert, is that the Russian side for the

registration in the territory of the Russian Federation, requires to undergo clinical studies of medicines that have been produced in Armenia for decades and have been registered in the republic. "This is quite expensive, and is a serious barrier to the export of local products, which is by no means a novice in the market and already has a sustainable reputation," concluded Samvel Zakaryan, head of the Union of Drug Manufacturers and Importers of Armenia.

Recall that on May 6, 2017 came into force a package of 26 documents of the Council and the Board of the EEU aimed at creating a single Eurasian market for medicines. Producers of Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan will be able to apply for registration of drugs and issuing them in circulation on a single procedure, thereby reducing administrative costs. According to the EEU report, development, preclinical and clinical study, quality control, registration, production and distribution of drugs will be carried out on supranational standards of the single market. At the level of national regulation, the issues of administering permitting for pre-clinical and clinical drug research are left; pricing of medicines and medical products; retail; public procurement of medicines and other procedures related to issues of cost recovery in the field of drug treatment; regulation of medical advertising. There is a transitional period from national to uniform regulation. In particular, until December 31, 2020, the manufacturer has the right to choose by which rules (national or uniform) he will register medicines. According to the agreement on the establishment of the Unified Energy System, the general pharmaceutical market should have been made since the beginning of 2016, but its launch was postponed due to the disagreements of the member states on the registration of medicines.

POST A COMMENT
Input digits     


News
Gold prices reached a record high of $4,700 per ounceGold prices reached a record high of $4,700 per ounce
Armenia`s President  meets with  head of Iraqi Kurdistan on WEF  sidelines  Armenia`s President  meets with  head of Iraqi Kurdistan on WEF  sidelines  
Opening of land border with Turkey will have a positive effect on the  economy - Narek KarapetyanOpening of land border with Turkey will have a positive effect on the  economy - Narek Karapetyan
Highest rates of construction work in  EAEU observed in Armenia and  KyrgyzstanHighest rates of construction work in  EAEU observed in Armenia and  Kyrgyzstan
EAEU  updates standards for natural fuel gas technical regulations  EAEU  updates standards for natural fuel gas technical regulations  
5 Steps to Strong Armenia: Samvel Karapetyan`s economic program  presented in Yerevan5 Steps to Strong Armenia: Samvel Karapetyan`s economic program  presented in Yerevan
RA FIS: Positive economic and infrastructure momentum to persist in  2026RA FIS: Positive economic and infrastructure momentum to persist in  2026
RA CB withdraws second-generation banknotes from circulationRA CB withdraws second-generation banknotes from circulation
Trump`s tariffs are almost entirely paid for by AmericansTrump`s tariffs are almost entirely paid for by Americans
Wizz Air to launch flights from the capital of Armenia to Greek  island of RhodesWizz Air to launch flights from the capital of Armenia to Greek  island of Rhodes
Armenia should consider global factors in TRIPP project  implementation - expert Armenia should consider global factors in TRIPP project  implementation - expert 
Programs co-funded by government not to be taxable in Armenia Programs co-funded by government not to be taxable in Armenia 
Implementation of TRIPP project poses threat to Armenia`s energy  security - expertImplementation of TRIPP project poses threat to Armenia`s energy  security - expert
U.S. Sec of State commends Azerbaijani government`s shipments of fuel  to ArmeniaU.S. Sec of State commends Azerbaijani government`s shipments of fuel  to Armenia
Armenia`s national debt $14.531bln by Dec 31, 2025 Armenia`s national debt $14.531bln by Dec 31, 2025 
Contested results of state procurement in Armenia not to lead to  suspension of ongoing programsContested results of state procurement in Armenia not to lead to  suspension of ongoing programs
Economy Minister  reports strong growth to  Prime Minister Economy Minister  reports strong growth to  Prime Minister 
Global alcohol producers are Global alcohol producers are "drowning"
The world`s billionaires increased their wealth by 16% in 2025.The world`s billionaires increased their wealth by 16% in 2025.
Pashinyan: Armenian bank issues unprecedented volume of eurobonds on  international markets Pashinyan: Armenian bank issues unprecedented volume of eurobonds on  international markets 
Armenia, Egypt discuss cooperation on labor mobility and social  protectionArmenia, Egypt discuss cooperation on labor mobility and social  protection
Ardshinbank Has Issued an Unprecedented Volume of Eurobonds Worth $600 Million in International Financial MarketsArdshinbank Has Issued an Unprecedented Volume of Eurobonds Worth $600 Million in International Financial Markets
Armenian real estate market sees decline  following phased end  of  income tax refund program for mortgage holdersArmenian real estate market sees decline  following phased end  of  income tax refund program for mortgage holders
Armenia, Germany agree on joint innovation and technology projectsArmenia, Germany agree on joint innovation and technology projects
Armenia to introduce reverse mortgage system for pensionersArmenia to introduce reverse mortgage system for pensioners
 Armenia and Uzbekistan outline possible areas for further cooperation  in agriculture Armenia and Uzbekistan outline possible areas for further cooperation  in agriculture
Georgia intends to complete construction of roads connecting  Azerbaijan and Armenia with Turkey via Middle Corridor by 2026Georgia intends to complete construction of roads connecting  Azerbaijan and Armenia with Turkey via Middle Corridor by 2026
Europeans have leverage against the US - The EconomistEuropeans have leverage against the US - The Economist
Fitch Ratings revises Armenia`s outlook to positive; affirms at  `BB-`; forecasts GDP of above 5.0% in 2026-2027Fitch Ratings revises Armenia`s outlook to positive; affirms at  `BB-`; forecasts GDP of above 5.0% in 2026-2027
Fitch Ratings upgrades Armenia`s rating outlook from Stable to  Positive - RA premier Fitch Ratings upgrades Armenia`s rating outlook from Stable to  Positive - RA premier 
During the week of January 12-16, 2026, Armenia`s interbank foreign  exchange market experienced a rise in  dollar and ruble transactions During the week of January 12-16, 2026, Armenia`s interbank foreign  exchange market experienced a rise in  dollar and ruble transactions 
AraratBank Partners as General Sponsor of 4090 Charity Foundation`s Five-Year Milestone EventAraratBank Partners as General Sponsor of 4090 Charity Foundation`s Five-Year Milestone Event
 National standards  developed and approved  in tourism sector National standards  developed and approved  in tourism sector
 RA SRC  identified cases of counterfeit vodka and tobacco products RA SRC  identified cases of counterfeit vodka and tobacco products
The President of Belarus signed a decree on crypto banks in the countryThe President of Belarus signed a decree on crypto banks in the country
US banks returned a record $140 million to shareholdersUS banks returned a record $140 million to shareholders
Banks have no right to refuse to open accounts under Social Package  program - CBBanks have no right to refuse to open accounts under Social Package  program - CB
While second person lives below poverty line, Armenia`s leaders  receive bonuses reaching millions While second person lives below poverty line, Armenia`s leaders  receive bonuses reaching millions 
TRIPP is turning Armenia into hub for American economic interests in  South Caucasus region - expertTRIPP is turning Armenia into hub for American economic interests in  South Caucasus region - expert
Armenian-Turkmen  business forum takes place in YerevanArmenian-Turkmen  business forum takes place in Yerevan
RA  Ministry of Territorial Administration: Armenia, Azerbaijan   conduct joint inspection of  Yeraskh- Sadarak railway sectionRA  Ministry of Territorial Administration: Armenia, Azerbaijan   conduct joint inspection of  Yeraskh- Sadarak railway section
Armenia adjusting greenhouse subsidies  to attract young  entrepreneurs and individuals over 63 years  to the sectorArmenia adjusting greenhouse subsidies  to attract young  entrepreneurs and individuals over 63 years  to the sector
"Wings of Unity": Armenia needs an economy focused on production and  exports
Pashinyan assures there will be no increase in liquefied gas prices  Pashinyan assures there will be no increase in liquefied gas prices 
Armenian premier on reasons for premiums to government officialsArmenian premier on reasons for premiums to government officials
RA Central Bank identifies 72 unlicensed organizations offering  various financial servicesRA Central Bank identifies 72 unlicensed organizations offering  various financial services
Armenia presents solar energy management solutions at international  exhibition Abu Dhabi Sustainability Week (ADSW 2026)Armenia presents solar energy management solutions at international  exhibition Abu Dhabi Sustainability Week (ADSW 2026)
Regional Director of the U.S. Trade and Development Agency holding  talks in Yerevan Regional Director of the U.S. Trade and Development Agency holding  talks in Yerevan 
IBRC: Armenian businesses to gain access to export invoice insuranceIBRC: Armenian businesses to gain access to export invoice insurance
RA Economy Minister: Armenia ranks 37th out of 101 countries in WB  rankingRA Economy Minister: Armenia ranks 37th out of 101 countries in WB  ranking
The situation around Iran is pushing oil prices higherThe situation around Iran is pushing oil prices higher
Unforgettable Moments and a Profitable Offer at Myler. Idram&IDBankUnforgettable Moments and a Profitable Offer at Myler. Idram&IDBank
Net flow of foreign investment into Armenian economy dropped to  negative $221 million by October 2025, but FDI saw significant gainsNet flow of foreign investment into Armenian economy dropped to  negative $221 million by October 2025, but FDI saw significant gains
Economy Ministry`s priority programs to be aligned with peace agenda  - Gevorg PapoyanEconomy Ministry`s priority programs to be aligned with peace agenda  - Gevorg Papoyan
WB on major risks for ECA WB on major risks for ECA 
Armenia to remain EAEU member as long as it is compatible with its  desire to join EU - RA premier Armenia to remain EAEU member as long as it is compatible with its  desire to join EU - RA premier 
Issue of competitive procedures in implementation of various programs  priority for the Armenian government - Deputy MinisterIssue of competitive procedures in implementation of various programs  priority for the Armenian government - Deputy Minister
The global economy will grow by 2.6% in 2026, according to the World Bank forecastThe global economy will grow by 2.6% in 2026, according to the World Bank forecast
AraratBank Takes the Lead in Brand PR PerformanceAraratBank Takes the Lead in Brand PR Performance
Armenia plans to establish rules for calculating and paying VAT in  transactions involving supply of goods to individuals through EAEU  electronic platformsArmenia plans to establish rules for calculating and paying VAT in  transactions involving supply of goods to individuals through EAEU  electronic platforms
Read more
Exchange rates
20.01.2026
RUB4.870.01
USD379.210.32
EUR444.854.43
GBP511.213.16
CAD274.291.45
JPY24.030.04
CNY54.490.08
CHF480.626.30