In 2010, the company signed an exclusive distribution agreement for all JVM pharmacy automation products in China with the world's largest pharmacy automation equipment manufacturer, Korea JVM Co. 2006 The company was honored to be on the "Red List" of 155 import and export enterprises approved by the General Administration of Customs in 2005. Vietnam-China Pharmaceutical Co., Ltd (later renamed as VCP Pharmaceuticals JSC) was completed after more than two years of construction, and the opening ceremony was attended by representatives from the Ministry of Health of Vietnam, Ministry of Planning and Investment, Ministry of Commerce of China, Embassy of the People's Republic of China in Vietnam, and shareholders in Hanoi. The company has passed the GMP-WHO/GLP/GSP certification by the Vietnam National Drug Administration, becoming the first and only powder injection manufacturer in Vietnam that complies with the GMP standard of the World Health Organization. 2005 Signed a contract with China National Pharmaceutical Group Corporation and Nippon Chung Fu Co., Ltd. to establish Huazhong Gaoke Pharmaceutical (Beijing) Co. Passed ISO9001:2000 international quality management system certification for foreign labor cooperation business and contracted projects organized by China Quality Certification Center. 2004 Passed ISO9001:2000 International Quality System Certification organized by SGS International Certification Body. 2003 Approved by Beijing Customs to establish a bonded warehouse for China Pharmaceutical Foreign Trade Corporation. This is the first and only bonded warehouse for pharmaceutical products in Beijing. Established Shanghai Pharmaceuticals R&D Center in Shanghai Zhangjiang Hi-Tech Park, marking a step forward in improving the scientific and technological content of trade and realizing the integration of science, industry, trade and service. Selected as AA grade foreign trade enterprise by Beijing Customs, and became one of the 11 highest grade customs trustworthy enterprises in Beijing. Passed the certification and acceptance of Drug Operation Quality Management Standard organized by Beijing Municipal Drug Administration, and became the first pharmaceutical business enterprise in Beijing to pass the GSP certification of provincial and municipal drug administration departments. Ltd. was established in Hanoi, Vietnam, as the first joint venture between China and Vietnam in the field of pharmaceutical production and operation. 2002 Changed its name to China National Pharmaceutical Foreign Trade Corporation. In 1998, China Pharmaceutical Group Corporation was established together with China Pharmaceutical Industry Corporation, China Pharmaceutical Corporation and China Medical Device Industry Corporation***, which were directly under the State Administration of Pharmaceutical Industry. 1994 The company was recognized by the State Council as one of the 100 pilot enterprises of modern enterprise system and started to implement the reform of modern enterprise system. 1992 The company's English abbreviation was changed to SINOPHARM. 1991 Selected by the Ministry of Foreign Trade and Economic Cooperation of China as one of the top 500 enterprises with the largest import and export volume in China, which has been maintained since then. 1988 Established GlaxoSmithKline Pharmaceuticals (Chongqing) Ltd. as a joint venture with GlaxoSmithKline, UK. Ltd. in a joint venture with Kokusaika Spinning Co. Changed its name to China National Pharmaceutical Foreign Trade Corporation and started to engage in import and export trade, import and export of pharmaceutical technologies and products. 1985 Established Suzhou Capsule Company Limited (SCL) as a joint venture with Warner-Lambert Limited of USA. Ltd. (XIAN-JANSSEN), a joint venture with Belgium Janssen Pharmaceutical Company Limited, a subsidiary of Johnson & Johnson. 1982 Joint venture with Bristol-Myers Squibb Co., Ltd. to establish Sino-American Shanghai Squibb Pharmaceutical Company Limited (SASS). Ltd. (SSPC) in a joint venture with Famasia PharmaTech of Sweden (the foreign shares were transferred to Fresenius Kabi of Germany in 1999). 1981 Established the first Sino-foreign joint venture in China's pharmaceutical industry with Japan Otsuka Pharmaceutical Co. Ltd. ------ Otsuka Pharmaceutical Co. China Pharmaceutical Foreign Economic and Technical Cooperation Corporation (CPIC) was established. As the external window of the State General Administration of Pharmaceuticals, CPIC focuses on economic and technical cooperation, introduction of new technologies and implementation of technological transformation services for the industry, and cooperates with foreign multinational pharmaceutical companies on behalf of China's pharmaceutical industry to establish Sino-foreign joint ventures in China.