The Trans-Pacific Partnership and the Path to Free Trade in the Asia-Pacific
Show Less

The Trans-Pacific Partnership and the Path to Free Trade in the Asia-Pacific

Edited by Peter C.Y. Chow

Mega-regionalism in the Asia Pacific has led to the formation of several emerging trade blocs, including the Trans-Pacific Partnership. This book, in addition to the examination of trade policies in the region, offers a comprehensive analysis of ongoing developments such as the impact of new members on the incumbent TPP-12 and its spillover to third parties, as well an objective study of the crucial issues of liberalization of agriculture, pharmaceuticals, and intellectual property rights.
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 9: Pharmaceuticals and herbal medicine in the Asia Pacific amidst TRIPS and the TPP

Lee-in Chen Chiu


The author assesses the TPP’s impact on the pharmaceutical industry’s ability to achieve learning, a catch-up platform, and innovation of industrial cooperation between import and export countries, and job creation opportunities. Their literature review provides theoretical and empirical evidence on pharmaceutical pricing, patent protection, trade-induced foreign direct investment, and profit earnings between pharmaceutical export and import countries. The rising attention to the cost containment and strategic planning for medical devices innovation are also addressed, as well as innovative business medical insurance reimbursement for expanding the over-the-counter (OTC) pharmaceutical market. The chapter presents a statistical comparison of medical and pharmaceutical performance in Taiwan, which is one of the first countries in the world with a mandated National Health Insurance regime and single insurer (put in place in 1995). The market penetration of new drugs through institutional design can contribute to pharmaceutical innovation, which can lead to future international collaborations on compound formulas for herbal medicines, creating new market mechanism in the region.

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information

or login to access all content.