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POLITICS & LAW

China to Eliminate Cancer Drug Import Tariffs

China is one of the world’s largest markets for cancer treatment, with 2016 sales of anti-cancer drugs in the country at 102 billion yuan ($16.2 billion). Photo: VCG
China is one of the world’s largest markets for cancer treatment, with 2016 sales of anti-cancer drugs in the country at 102 billion yuan ($16.2 billion). Photo: VCG

Starting May 1, China will eliminate tariffs on cancer drugs, cutting costs for drug importers.

But whether the move will ease the financial burden on Chinese patients remains to be seen, especially since the value-added tax will drop only slightly.

The State Council, the country’s cabinet, decided during a Thursday meeting (link in Chinese) that anti-cancer drugs will be exempt from import tariffs.

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