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    Trade in Health Products: Reducing Trade Barriers for Better Health

    Helble, Matthias; Shepherd, Benjamin | January 2017
    Abstract
    Trade in health products has been flourishing in recent years as the demand for better health has been growing throughout the world. At the same time, trade in health products is hampered by substantive trade barriers. In this paper, we present evidence that countries around the world still apply tariffs and nontariff measures that increase prices and limit the availability of health-related products such as pharmaceuticals, vaccines, and medical equipment. The case for liberalizing trade in these products is therefore strong. In addition, we show that improving trade facilitation performance, using the World Trade Organization’s Trade Facilitation Agreement as a starting point, can be linked to improved handling of health-related products such as vaccines which, in turn, would boost usage. In the last part of the paper, we study the price differences for insulin across countries. We observe that the price of insulin has various determinants, one of them being open trade: the higher the level of competition between manufacturers, the lower the price of insulin. In summary, lowering trade barriers on health products can make a substantive contribution to building up health systems and lowering out-of-pocket payments of patients.
    Citation
    Helble, Matthias; Shepherd, Benjamin. 2017. Trade in Health Products: Reducing Trade Barriers for Better Health. © Asian Development Bank Institute. http://hdl.handle.net/11540/6780.
    Keywords
    Urban Population
    Traditional Medicine
    Medical Statistics
    Drug Policy
    Preventive Medicine
    Medical Economics
    Preferential tariffs
    Tariff negotiations
    Protectionist measures
    Tariff agreements
    World Health Organization
    Quality of Health Care
    Partnerships in Health Reform
    Health
    Intraregional Trade
    Regional Trade
    Trade
    Health Standards
    Health Care Cost Control
    Health Care Access
    World Trade Organization
    Trade Restrictions
    Trade Negotiations
    Trade Liberalization
    Trade Barriers
    Health status indicators
    Medical and health care industry
    Vaccination
    Delivery of medical care
    Foreign trade regulation
    Health products
    Show allCollapse
    Citable URI
    http://hdl.handle.net/11540/6780
    Metadata
    Show full item record
    Thumbnail
    adbi-wp643.pdf (1.381Mb)
    Author
    Helble, Matthias
    Shepherd, Benjamin
    Theme
    Health
    Trade

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    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise