Bangladesh eyes investment in PH’s pharmaceutical sector — envoy

MANILA, Philippines — Bangladesh wants to enhance its cooperation with the Philippines in the pharmaceutical sector, its diplomat told President-elect Ferdinand “Bongbong” Marcos Jr. on Friday.

Bangladesh Ambassador to the Philippines Borhan Uddin stressed the “booming” pharmaceutical sector in his country, which the Philippines can collaborate with.

“We have a very booming pharmaceutical sector in Bangladesh. He will be happy to know that we export our pharmaceuticals to more than 140 countries around the globe, including USA and European Union countries,” Uddin said in a press briefing following his courtesy call on Marcos Jr.

“So, we are hoping to enhance our cooperation in this sector also. And maybe there will be some investment from Bangladesh in the Philippines in this sector,” he added.

Asked about Marcos Jr.’s plans to boost local manufacturing of generic medicine in the Philippines, Uddin said: “We are working on it and hopefully we will do it.”

Aside from this, Marcos Jr. and Uddin also discussed cooperation in the agriculture sector.

Marcos Jr. earlier expressed plans to boost local manufacturing of generic drugs in the Philippines.

He opened up this plan to India Ambassador to the Philippines Shambhu S. Kumaran. India is one of the largest manufacturers of generic drugs in the world.

/MUF