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Govt surrenders pharmaceutical industry to Aussies

Govt surrenders pharmaceutical industry to Aussie control

It's astonishing the Government is handing control of New Zealand's pharmaceutical and dietary supplement industries to an Australian-based regulator without the consent of New Zealanders, the Green Party says.

"The overwhelming majority of New Zealanders are totally opposed to handing over control of these industries to an Australian-based Therapeutic Goods Agency," Green Health Spokesperson Sue Kedgley said.

"The Health Minister cannot even get support in Parliament for legislation to set up such an agency, yet she is unilaterally announcing the setting up of a committee to oversee the establishment of the agency."

The Trans-Tasman Therapeutic Goods Agency (TTTGA) would be an Australia-based agency which regulated all New Zealand pharmaceuticals, dietary supplements, and medical devices.

"It is utterly undemocratic and frankly sinister for the Minister to proceed in this way when a majorities in Parliament and of the public at large have made it clear they are totally opposed to such a move," Ms Kedgley said.

"While most people support increasing trade between Australia and New Zealand in these areas, there is no need to hand over control of our industries to achieve this. It can be achieved by mutual recognition treaties, as happens in most other areas of our economies."

"The overwhelming majority of consumers and the industry don't want to hand over our sovereignty to an off-shore agency which has a reputation for being draconian and excessively bureaucratic and for imposing huge and unnecessary compliance costs on the dietary supplements industry."

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