The China Chamber of Commerce for Import & Export of Medicines & Health Products (CCCMHPIE), under Chinese Ministry of Commerce (MOFCOM), brought a delegation from Chinese Life Sciences to the UK, as part of their co-operation with UKTI under the UK-China Joint Economic Trade Commission (JETC) Healthcare Working Group. Delegators including CCCMHPIE, Institute of Chinese Materia Medica, China Academy of Chinese Medical Sciences China Beijing Tong Ren Tang, North China Pharmaceutical Group Corp (NCPC) International Corp were meeting with British companies from Biopharmaceutical industry and institutes at Victoria St Conference Centre, London to discuss in-depth cooperation and expand their vision in Life Sciences development.
This event gave participants the opportunity to find out more about how UKTI, CCCMHPIE and the China-Britain Business Council (CBBC) can help UK companies doing business in China, and network with the delegation of Chinese Life Sciences companies.
Agreement between UKTI and CCCMHPIE on JETC Healthcare Trade & Investment Working Group had been signed. This is the 3rd time to renew this Memorandum of Understanding (MoU) since this working group was established in 2007. The aim is to achieve a step change in the UK-China relationship in two way trade, investment and R&D in Life Sciences, which may lead to the creation of a new generation of shared intellectual property, commercial ventures and to improve healthcare standards in both countries. Areas of cooperation, working mechanisms, organisational structure, funding as well as validity, language are defined clearly in the agreement.