New EU Chemicals Regulation Could Peel Away Fashion and Cosmetic Industry Profits
On June 1, 2007, the controversial new EU Regulation for the Registration, Evaluation and Restriction on Chemicals (“REACH”) came into force to regulate the use of chemicals in consumer products, including apparel, fragrances and cosmetics. The regulation’s most important goals are to improve the protection of human health and the environment while enhancing the innovative capability of the EU chemicals industry. Although European companies will be primarily hit by this regulation, US manufacturers exporting in the EU market must be in compliance as well.
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