$1b of exports jeopardised by Therapeutic Products Bill

New Zealand's exports of natural health products are worth $640m and growing. (Image: Getty)

Mon, 27 Mar 2023

A proposed law that would regulate medicines, medical devices and natural health products is putting more than $1 billion of exports at risk, say industry peak bodies.Natural Health Products New Zealand told MPs that the Therapeutic Products Bill, which was supposed to help the fast-growing natural health industry with market access for exports, will end up stifling it instead.Samantha Gray, who is the association’s government affairs director, said the sector exported $640 million worth of goods, with a further $500m possible if NZ intro...

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