03 May '11, 3am

TCM supporters push Europe to relax ban: But he emphasized that there was not any anti-China or anti-TCM discrim...

TCM supporters push Europe to relax ban: But he emphasized that there was not any anti-China or anti-TCM discrim...

BRUSSELS / BEIJING - Advocates of Traditional Chinese Medicine (TCM) are working hard to win amendments to a hotly-debated and "problematic" piece of legislation that is likely to stem the flow of TCM products into Europe. The legislation, the Traditional Herbal Medicinal Products Directive, was passed by the European Union (EU) in 2004 and came into force on May 1 following a seven-year transitional period. An industry insider, who asked for anonymity, said the legislation was the result of lobbying by major pharmaceutical companies. "The multinationals will get bigger market shares if TCM companies fail to pay the high registration fees they now need to enter the EU market," said the source, who is the chair of a TCM college in Europe and who claims to have close relationships with European regulators of medicine. The new rules governing TCM sales in Europe called for co...

Full article: http://www.asiaone.com/News/AsiaOne%2BNews/World/Story/A1...

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Europe Factors-Shares seen falling; commodities...

sg.news.yahoo.com 04 May '11, 6am

A raft of corporate results from across Europe due on Wednesday are expected to provide further direction for equities. Ab...