EU cosmetics regulation
This article was originally published in The Rose Sheet
Executive Summary
Seventh Amendment to the Cosmetics Directive "provides an opportunity for proactive corporations to move ahead with new products and gain a market share in a global economy," according to a Citizens Advisers, Inc. report examining the impact of EU cosmetics regulations. Conversely, companies that do not reformulate to meet EU standards "could face reduced market demand, potential liabilities and damaged reputation," financial firm asserts. In light of recent publicity surrounding potentially harmful cosmetic ingredients, U.S. consumers are likely to "demand the same level of safety as Europeans," report adds. The Seventh Amendment, adopted in 2003, calls for a phased-in ban on animal testing for cosmetics and restricts the use of substances that have been found to be carcinogenic, mutagenic or reproductive toxins (1"The Rose Sheet" Feb. 17, 2003, In Brief)...