Taiwan beats Japan and South Korea to PIC/S membership

Taiwan’s Food and Drug Administration of the Department of Health has finally succeeded in knocking the gate into the Pharmaceutical Inspection Convention and Co-operation Scheme (PIC/S) international organization ahead of Japan and South Korea, and Taiwan will become an official member of the PIC/S from January 1 of next year (2013), according to a posting on the Taipei Representative Office in the European Union web site.

This not only means that Taiwan will be able to share information on international pharmaceutical safety to ensure public drug safety, but also demonstrates the international approval of the Good Manufacturing Practices (GMP) regulations, management systems and auditing standards of domestic pharmaceutical companies, which will significantly improve the international image of the country and enhance the international competitiveness of our domestic pharmaceutical industries, the statement notes.

Expected to attract foreign investment and pharma expand exports