India and the European Union finalised an interim settlement to make sure that Made in India consignments of generic medicines will not be detained while transiting through Europe.
India had moved the WTO after consignments of generic medicines shipped to Latin America were seized by European customs authorities on charges of intellectual property rights violations. About 17 detentions took place between October-December 2008 at Amsterdam.
As per the bilateral understanding between India and EU, EU would not only stop such detentions but also amend its regulation under which its member countries acted like this. The settlement is interim as the EU parliament is expected to take about 12-18 months to amend the legislation.
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