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Legislators Urge Japan Trade Acquiescence; Industry Lobbies Health Ministry

This article was originally published in The Gray Sheet

Executive Summary

AdvaMed Exec VP-Global Strategy & Analysis Marjory Searing will testify at a formal meeting of Japanese Ministry of Health, Labor & Welfare officials Nov. 20 as part of the association's increased efforts to resolve longstanding objections to Japan's regulatory and reimbursement policies

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A thorough overhaul of Japan's foreign average pricing (FAP) system is unlikely anytime soon, according to the Ministry of Health, Labour & Welfare

Japanese trade equity

Potential regulatory changes would contribute to "delayed product approvals, complex distribution networks, layers of bureaucracy and inefficient pricing policies," House Medical Technology Caucus Co-Chairs Jim Ramstad (R-Minn.) and Anna Eshoo (D-Calif.) comment in "Dear Colleague" letter soliciting co-sponsorship of concurrent resolution (H Con Res 324). Introduced Nov. 12, the legislation urges the Japanese government to uphold commitments made under a 1986 trade agreement (1"The Gray Sheet" Nov. 17, 2003, p. 14). The medical technology industry annually offsets more than $3.3 bil. of the American trade deficit with Japan, the letter states...

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