Securing Medical Supplies: New Trade Pacts for Health and National Security.
This law aims to prevent future shortages of essential drugs and medical devices, similar to those experienced during the pandemic. It authorizes the President to negotiate trade agreements with reliable partners to eliminate tariffs and import restrictions on medical goods. This framework is designed to ensure citizens have faster and more reliable access to critical medical supplies during public health emergencies.
Key points
The President gains authority to negotiate agreements with trusted partners to eliminate tariffs on drugs, medical devices, and their components.
The goal is to diversify supply sources, reducing US dependence on a few countries for critical medical products.
Agreements will streamline cross-border movement of medical goods and promote cooperation in research and development.
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