The Belgian pharmaceutical sector will have to pay 15% customs duties to export to the United States

Moreover,

Belgian pharmaceutical sector will have:

“President Trump had further threatened a few weeks ago with customs duties up to 250%. Consequently, so it could have been worse. Therefore, But we regret that the zero customs duties that had been agreed at the international level were not maintained. Furthermore, ” said Pharma.be, David Gering. However, According to the sectoral organization. it is still too early to have a precise idea of ​​the consequences of new prices on the Belgian pharmaceutical sector.

The latter is very important for the economy of the kingdom and largely turned towards export. In 2024, Belgium indeed exported for 79 billion euros in biopharmaceutical products, such as vaccines. The United States is the first market in the sector and represent almost 24% of the exports of this segment. The North American market is therefore crucial for belgian pharmaceutical sector will have the profitability of Belgian companies and for the country’s economy in general.

For the spokesperson for Pharma.be, there are still a lot of uncertainties on timing and modalities. What about, in particular, raw materials for drugs or generic drugs? The Pfizer. Biontech COVVI-19 vaccine, for example, is made from more than 200 elements from several countries, before being produced in Belgium.

belgian pharmaceutical sector will have — Belgian pharmaceutical sector will have: “President Trump had further threatened a few weeks ago with customs duties up to 250%. so it could have been worse. But we regret that the zero customs duties that had been agreed at the international level were not maintained. ” said Phar.

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