{"id":40676,"date":"2019-01-18T16:54:17","date_gmt":"2019-01-18T11:24:17","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=40676"},"modified":"2019-01-18T16:54:17","modified_gmt":"2019-01-18T11:24:17","slug":"rupee-pact-with-iran-to-aid-pharma-exports","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/rupee-pact-with-iran-to-aid-pharma-exports\/","title":{"rendered":"Rupee pact with Iran to aid pharma exports:"},"content":{"rendered":"<p><a href=\"https:\/\/www.thehindu.com\/business\/rupee-pact-with-iran-to-aid-pharma-exports\/article26018011.ece\"><strong>Rupee pact with Iran to aid pharma exports:<\/strong><\/a><\/p>\n<p><strong>News:<\/strong> India and Iran has signed Rupee Payment Agreement which can boost pharma export to Iran<\/p>\n<p><strong><u>Important Features:<\/u><\/strong><\/p>\n<p><strong><u>Rupee Payment Agreement: <\/u><\/strong><\/p>\n<ul>\n<li>Under the agreement Indian oil refiners deposits their import bill payment in designated account maintained by UCO bank<\/li>\n<li>50% of amount credited could be utilized by Iran to pay for imports of goods and services from India<\/li>\n<\/ul>\n<p><strong><u>India&#8217;s Pharma Sector Opportunities in Iran:<\/u><\/strong><\/p>\n<ul>\n<li>Iran meets its total <strong>20% import from european countries<\/strong> which is under concern after <strong>US sanctions against Iran<\/strong><\/li>\n<li>Under US sanctions some countries including <strong>India got time bound exemption for importing oil\u00a0<\/strong>which could be used by India to boost pharma export<\/li>\n<\/ul>\n<ul>\n<li>India could be <strong>source of cost effective products<\/strong> for sanction hit Iran<\/li>\n<\/ul>\n<p><strong><u>Concerns:<\/u><\/strong><\/p>\n<ul>\n<li>India&#8217;s <strong>pharma export to Iran constitute mostly of APIs (Acute Pharmaceutical Ingredients -bulk drugs) which had decline<\/strong> from 2015-16=$180mn to 2016-17=$160mn<\/li>\n<\/ul>\n<p><strong><u>Way Forward:<\/u><\/strong><\/p>\n<ul>\n<li>Not all drugs imported by Iran are not innovator drugs and India should eye for <strong>Iran $1.3bn generic drugs<\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Rupee pact with Iran to aid pharma exports: News: India and Iran has signed Rupee Payment Agreement which can boost pharma export to Iran Important Features: Rupee Payment Agreement: Under the agreement Indian oil refiners deposits their import bill payment in designated account maintained by UCO bank 50% of amount credited could be utilized by&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/rupee-pact-with-iran-to-aid-pharma-exports\/\">Continue reading <span class=\"screen-reader-text\">Rupee pact with Iran to aid pharma exports:<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-40676","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704955427},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/40676","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=40676"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/40676\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=40676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=40676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=40676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}