The Macau government announced today (Friday) the reinforcement of the supervision and management of the pharmaceutical activity of traditional Chinese medicinal practices, on the same day that the five-year “development plan” of this activity in the Greater Bay Area was released.
In a press conference held today, Executive Council spokesman, André Cheong, explained that the new law proposal aims to regulate “the obligation to obtain licenses for the manufacture, import, export, wholesale and retail of medicines traditional Chinese medicines”, but also to improve safety through the“ traditional Chinese medicine enrollment regime ”.
“The draft law establishes the registration regime for traditional Chinese medicines, in order to strengthen the supervision of the traditional Chinese medicine pharmaceutical activity, further guarantee the quality and safety of traditional Chinese medicines manufactured, imported and circulated legally in Macau, increasing the export competitiveness of traditional Chinese medicines manufactured in Macau,” he explained.
Entities connected to TCM in the city will only have to apply for the new licensing if they change the volume, type or composition of the products they produce, if not the previous legislation will apply.
According to local authorities, there are five TCM manufacturing companies licensed in the SAR.
The bill will also implement the current sanctions for producing or selling fake TCM products.
This law proposal was presented on the same day that the “Construction Plan for the Major Area of Traditional Chinese Medicine in Guangdong-Hong Kong-Macau (2020-2025)” was released.
The plan, presented on Thursday, consists of “concrete action to advance the construction of the Guangdong-Hong Kong-Macau Greater Bay Area and creates an important area of traditional Chinese medicine in Guangdong-Hong Kong-Macau Greater Bay” in this area, the Health Services of the territory announced today in a statement.
The Greater Bay Area is a Beijing project to create a world metropolis that integrates Hong Kong, Macau and nine cities in the southern Guangdong province, with about 70 million inhabitants and a Gross Domestic Product (GDP) of about 1.2 billion euros, similar to the GDP of Australia, Indonesia and Mexico, countries that are part of the G20.
“The construction of this important plan in the area of Traditional Chinese Medicine is an important part of the global project of the Greater Bay Area, with unique characteristics and resource advantages”, said the secretary of the leadership group of the Chinese Communist Party (CCP) of the Administration State of Traditional Chinese Medicine and member of the PCC leadership group of the China Health Commission.
Yu Yanhong recalled that the GBA is a strategic decision by the Chinese President, Xi Jinping, to promote the integration of Hong Kong and Macau in the overall development of the country, improve the health status of the area’s residents and promote the heritage and innovation of medicine traditional Chinese.
Also on Tuesday, traditional Chinese medicine was one of the central themes on Macao’s political agenda, with the head of the local executive stating that the Macau Government’s priority is the development of the traditional Chinese medicine industry, within the scope of diversification. territory.
Before the 11 representatives of Macau to the National People’s Assembly, Ho Iat Seng said that “the Executive is currently engaged in drafting” the legal regime for the registration and management of traditional Chinese medicines, the diploma of which will be handed over “to the Legislative Assembly, as soon as possible ”.
In this way, “traditional Chinese medicine can be registered after appraisal and approval, a fact that will benefit the attraction of capital”, he stressed.
In addition to traditional Chinese medicine, which will be a bet on the Government Policy Guidelines (LAG) for the financial year 2021, Ho Iat Seng pointed out that the near future will also have to involve the development of the financial sector.
In 2016, the central committee of the Chinese Communist Party (PCC) and the State Council launched a long-term strategic health plan (2016-2030), in which Macau emerges as a platform for promoting traditional Chinese medicine among Portuguese-speaking countries.
Macau already has a Scientific and Industrial Park for Traditional Chinese Medicine, one of the projects located on the island of Hengqin, and this is Beijing’s bet to conquer international markets.