报告摘要
Global trade is increasingly composed of free trade agreements (FTAs) between large trading blocs as well as between smaller, non-aligned countries. These involve tariff-free or -reduced trade in desirable products balanced with concessions for other products or policy changes. The larger, more developed trading blocs like the U.S. or EU also include novel intellectual property provisions in their FTAs with partner countries. On the surface, longer periods of IP protection might be expected to drive up drug costs and would warrant a trade-off in concessions from another industrial sector. This assumption has been debated by researchers and stakeholders and deserves further study.
This report examines the impact of past EU FTAs on drug spending, timing of countries’ access to new medicines after global launch, investments overall and in pharmaceuticals, and clinical trial participation. These are all areas with both economic and societal importance, as well as perceived value to be traded during FTA negotiations. Past studies have studied the impact on U.S. FTAs, and this study brings important new evidence relating to EU FTAs at both a macro and a detailed level.
关键发现
- The pharmaceutical sector is the most R&D intensive industry in the world, with R&D spending averaging over 15% of revenue compared to other sectors that are often only in the low single digits.
- 欧盟FTA的强大知识产权规定对欧盟及其FTA合作伙伴国家的行业投资产生了积极影响。
- While expanded IP protections could in theory generate higher drug spending, past EU free trade agreements (FTAs) that included pharmaceutical IP protection have shown that drugs’ share of healthcare spending tends to stay flat or fall after an FTA, and that prices for medicines rise more slowly than the level of inflation.
- 强大的IP指数与一个国家的临床试验活动增加有关，这可以带来临床和经济利益。
