Zimbabwe has become the 12th country of the African Union (AU) to ratify the African Medicines Agency (AMA) Treaty which will spearhead the production and harmonization of pharmaceutical products on the continent.
The country’s ambassador to the AU Taonga Mushayavanhu on Monday deposited the instruments of ratification to the African Union Commission.
Once fully ratified, AMA will help Africa harmonize regulations in drug registration and strengthen the fight against counterfeit and substandard products.
The treaty will come into force once it is ratified by a minimum of 15 member states.
A statement from Zimbabwe’s Ministry of Foreign Affairs and International Trade on Monday said that AMA would help the continent establish capacity in the production of medicines.
“With the coming in of the African Continental Free Trade Area, AMA will come in handy in the building of Africa’s research and development capacity in pharmaceuticals,” read the statement.
The AMA treaty was adopted by AU’s Heads of State and Government during their 32nd Ordinary Session of the Assembly in Addis Ababa, Ethiopia, in February 2019.
Zimbabwe signed the treaty in March this year to become the 19th member state to do so and ratified it at the end of August.
Africa is only producing 3 percent of the global medicines market and losing out on the multi-billion-dollar industry. It is hoped that the establishment of AMA will also lead to the creation of jobs and the transformation of the pharmaceuticals sector. Enditem