International Group NtDDi Wants to See Zero Tax for Drugs in Brazil

The No Taxes on Drugs and Devices Initiative (NtDDi), an international coalition of scholars and health experts that calls for eradication of surcharges on life-saving drugs and devices yesterday applauded Brazil for reducing import taxes by 11% on approximately 1,000 essential drugs. 

The organization added, however,  that Brazil must now drop taxes and tariffs on all life-saving medicines and medical devices to improve access for the country’s 186 million citizens.


“While Brazil’s announcement on reducing taxes on medicines is encouraging, this is just the start of what needs to be done,” said Roger Bate, co-director of NtDDi. 


“We urge Brazil with an average tax and tariff of 29% to drop these highly regressive barriers on access to medicines.”


A recent study by NtDDi has uncovered widespread taxes on medicines in the developing world – Brazil still maintains a 9% tariff, Nigeria a 20% tariff, and India a 16% tariff.


NtDDi members call on the eradication of surcharges, duties, tariffs and other taxes on life-saving medicines and medical devices. 


NtDDi estimates that a 1% overall decrease in taxes and tariffs is associated with a 1% increase in access to essential medicines worldwide. 


“We urge Brazil to adopt the principles of NtDDi in the name of those suffering,” said Richard Tren of Africa Fighting Malaria and NtDDi co-director.  “Brazil has a moral obligation to drop all taxes and tariffs.”


No Taxes on Drugs and Devices Initiative aims to improve access to life-saving medicines and medical devices for people living in developing nations around the world afflicted by HIV/AIDS, tuberculosis, ,malaria and other pandemic diseases. 


NtDDi is composed of a variety of like minded organizations and scholars including: economists, health experts and trade officials who will collaborate in their efforts to eradicate unnecessary and burdensome barriers to treatment for the world’s poor.


PRNewswire

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

Ads

You May Also Like

Brazilian Imports Jump 26.9% While Exports Grow a Modest 2.6%

Brazilian exports grew only 2.6% in August, while imports rose 26.9%. Brazil sold the ...

New Cabinet Chief Does Not Boost Brazilian Market

Latin American shares were mostly lower, with Brazil and Mexico sharing the blame for ...

Latest Forecast for Brazil Growth this Year: 0.52%

The projection of financial institutions for growth of Brazil’s Gross Domestic Product (GDP) has ...

Brazil and Ukraine Get Ready for Joint Space Mission

Brazil and the Ukraine will adopt a series of steps by the end of ...

US Senators in Brazil to Learn How Ethanol is Made and Distributed

A group of American senators begin a week-long visit to Brazil this Friday, April ...

Brazilian House Goes to the Supreme Against Electoral Rule

The Brazilian Chamber of Deputies intends to appeal to the Federal Supreme Court (STF) ...

Uproar in the Continent Makes Brazil Go Back on Import Licenses

Brazil officially denied this Wednesday, January 28, that it had imposed import licenses or ...

Bush’s Win Good for Business, says Brazil

The International Relations manager of the Brazil/US Chamber of Foreign Commerce, Fábio Rua, affirmed ...

Iran Wants Brazil to Mediate Nuclear Agreement with UN

Iran’s ambassador in Brazil, Mohsen Shaterzadeh, refutes the idea that the relationship between Brazil ...

Octavio Frias de Oliveira, Folha de S. Paulo publisher

Publisher of Brazil’s Most Important Newspaper Dies at 94

The Brazilian government has decreed a three-day mourning period for the death of Octavio ...