Myanmar imports much of its pharmaceutical drugs from neighboring countries, including China, India and Thailand. According to data presented at the India Pharma and Healthcare Expo in Yangon, 45 per cent of Myanmar's imported drugs come from India.
In the 2009-10 fiscal year, more than US$150 million were generated from sales of imported medicines in Myanmar. In the 2012-13 fiscal year, those earning a rose to at least $244 million. In addition to legal sales of imported drugs, Myanmar also hosts an active illegal pharmaceutical drug economy.
“Myanmar’s pharmaceutical industry could be worth $700 million. 45 per cent is from India. Indian medicines are a major product in Myanmar’s health sector. Currently, there are a total of six pharmaceutical factories [in Myanmar], but medicines are imported from neighboring countries as well,” said Win Sithu Aung, chairperson of the Myanmar Medicine and Medical Equipment Merchant Association.
Myanmar's Healthy Ministry scrutinises imported medicines for their quality and publishes its findings.
Myanmar has signed onto the Pharmaceutical Product Working Group under the Asean Consultative Committee for Standards and Quality to develop cooperation schemes for pharmaceutical regulation among Asean member countries.