Trade Barrier

In: Business and Management

Submitted By panidav
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Research Task: Trade Barrier and Corruption by Panida Vesakha-Vahrinth
The similar concern for all countries being considered for a new market entry is the issue dealing with IPR. Additionally, the rules and regulations for foreign manufacturers for these countries often causes delay in registering new pharmaceutical products in order to provide the local manufacturer maximized domestic opportunity. These rules and regulations include additional inspections of the products that are arguably unnecessary, the costly applications for required permits and license to sale such products, and the product specification requirements that do not applied to the domestic manufacturer (See Exhibit A for further details).
According to the Corruption Perception Index provided by Transparency International, the selected countries can be ranked according to the CPI 2010 scores as follow: Canada, Chile, Turkey, China, and India (Exhibit B).
The five countries with the highest CPI scores show some culture similarities. All but Singapore receive high score in the IDV category. Singapore, on the other hand, is most influenced by the PDI dimension (Exhibit D). The top five countries have high economic freedom and all but Singapore, score highly on the political freedom scale. These countries also have significantly higher GPD/capital in PPP in comparison to the five countries with the lowest CPI score. The top five countries also have high trade volume in relative to the country’s GDP and have over 60% of the population that lives in the urban area (Exhibit E). Additionally, the top five countries hold currencies that have been strengthening against the US$ in the recent years (Exhibit F) while the bottom five countries hold currencies that have been weakening against the US$ (Exhibit G).

Exhibit A
Concise Pharmaceutical Trade Barriers

Country | Description | Canada | Each…...

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