Business

Canada blocks certain drug exports in response to US plan

Move aims to protect country’s drug supply from bulk imports that could worsen shortages

Updated 5 years ago · Published on 29 Nov 2020 11:00AM

Canada blocks certain drug exports in response to US plan
The US plan to import certain prescription drugs in bulk from Canada is intended to lower prices for Americans, but it comes at a time when the Covid-19 pandemic has increased demand for some medicines.– Pixabay pic, November 29, 2020

MONTREAL – Canada announced Saturday a ban on exporting certain medicines that are or may soon be in short supply, a measure in response to a US plan to import drugs from its northern neighbour.

The plan promoted by outgoing US President Donald Trump aimed at allowing pharmacists and wholesalers to import certain prescription drugs in bulk from Canada takes effect on Monday.

The US plan is intended to lower prices for Americans, but comes at a time when the Covid-19 pandemic has increased demand for some medicines.

Canada’s ban took effect on Friday, its health ministry said, and is intended “to protect Canada’s drug supply from bulk importations that could worsen drug shortages in Canada.”

“Certain drugs intended for the Canadian market are prohibited from being distributed for consumption outside of Canada if that sale would cause or worsen a drug shortage,” the ministry said.

With Canada a relatively small market sourcing some 68% of its drugs from abroad, it was important to avoid supply disruptions, it said.

Medicines tend to be cheaper in Canada than in the United States, though Canadian prices remain higher than in a number of other developed countries.

President-elect Joe Biden, who takes office on January 20, has spoken of allowing patients to import prescription drugs from other countries as part of his plans to lower prices.

The price of prescription drugs is a key political issue in the United States. – AFP, November 29, 2020

Related News

World / 1d

Iran announces closure of Strait of Hormuz to all vessels amid renewed US attacks

World / 1w

Does Iran have nukes?

Opinion / 1w

US intelligence objectives: Destabilising the Malaysian political scene?

Malaysia / 2w

No reports of insufficient food supply to date - KPKM

World / 2w

Trump says US-Israeli war on Iran will be over soon

Malaysia / 3w

Malaysia’s missile deal collapse exposes hidden risks in global arms trade

Spotlight

Malaysia

Bersatu-PH tie-up a possibility as coalition seeks Malay support, analyst says

By Alfian Z.M. Tahir

Malaysia

Woman molested on her way home from work (video)

Malaysia

Court allows Daim's daughter to permanently keep passport

Malaysia

Santiago pokes holes in data centre hype, asks: Who really benefits?

By Alfian Z.M. Tahir

Malaysia

Jeweller vows to pursue Rosmah until ‘every penny’ is recovered as RM67.5m battle enters enforcement phase

Malaysia

Ambulance carrying two injured men crashes en route to hospital after MPV collision in Besut

Malaysia

Man blames 'lack of love' for sexual assault on teens

Business

BNM's OPR to stay at 2.75 pcent in 2026 amid strong domestic demand - Kenanga IB

Malaysia

Missing jewellery: Rosmah ordered to pay RM67.5 million

You may be interested

Business

Ringgit holds firm despite US inflation shock as markets brace for Federal Reserve decision

Business

Retail sales grow 3.7% in Q1 2026 but fall short of expectations amid cost pressures

Business

AI should support human thinking, not replace it - MDEC CEO

Business

Kami Builders secure RM300 million ASEAN sustainability sukuk, channels Islamic capital into QIU campus development

Business

Unemployment rate rises to 3.0 per cent in April 2026 - DOSM

Business

Ringgit surges as Iran deal optimism weighs on US dollar and oil prices