API Park to Be Completed Next Year

BMI View: Bangladesh has a very attractive, but fundamentally flawed pharmaceutical market. Combined sales of prescription and over-the-counter (OTC) drugs in the South Asian country saw the 16th fastest expansion in the world in 2010, at 21.9% - ahead of Tajikistan (+20.6%), but behind Turkmenistan (+22.5%). However, due to Bangladesh's patent-free regime, demand for medicines is artificially inflated and prejudiced against multinational firms. A deceleration of economic growth in 2011 and under-appreciated political risk are further disincentives to foreign direct

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