Tuesday, July 29, 2014

Deal could lift U.S. medical device exports to China

Deal could lift U.S. medical device exports to China-politico: Medtronic and GE could be two of the big winners if China agrees to cut tariffs on high-tech medical devices as part of new trade agreement that could be concluded this year. But import duties are only one of many barriers restricting access to one of the world’s fast-growing healthcare markets. “I would say things are improving very quickly, but we’ve definitely still got a lot of challenges left to go,” said Elise Owen, an associate vice president in charge of China trade issues for the Advanced Medical Technologies Association. “Our companies encounter a lot of challenges getting product approved in the China market.”