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Health sector guides imports on drugs and cosmetics


A ministry decision Tuesday stated drugs and cosmetics import businesses - both domestic and foreign - to declare import prices and expected retail prices.

It also asked importers to re-declare and explain pricing rationales.

Under the decision, drugs and cosmetics imported into the country must have expiry date of minimum 18 months.

Since drugs are considered a critical item, health authorities are tightening their grip on the sector prices to prevent price hikes due to artificial shortages and speculation.