Trump’s TPP Withdrawal Dashes Hopes For Cosmetics Regulatory Alignment
This article was originally published in The Rose Sheet
President Trump’s executive order to pull out of the Trans-Pacific Partnership trade deal is intended to help American workers, but for the cosmetics industry, the move likely marks a foiled opportunity.
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Eleven countries have salvaged and rebranded the international trade deal abandoned by President Donald Trump in early 2017, with a signing ceremony slated for March 8 in Chile. The CPTPP retains much of the original TPP, including a cosmetics annex to promote harmonization around regulatory best practices
Any movement to advance proposed cosmetics reform legislation could be seen as running counter to President Trump's executive orders earlier this year, which now have FDA centers seeking "broad public comment" on how to achieve "meaningful burden reduction."
Following President Trump’s decision to pull out of the Trans-Pacific Partnership agreement, the Personal Care Products Council sets its sights on renegotiation of the North American Free Trade Agreement.