Monday, February 18th
The specialty chemicals group Socma has called for a trade agreement that promotes customs and regulatory cooperation and eliminates technical barriers to trade.
These barriers pose "significant challenges" to the specialty chemical industry because the the US utilises risk-based analysis while the EU system incorporates a precautionary hazard classification system. "An integrated, risk-based approach would greatly reduce regulatory burdens on specialty chemical manufacturers, many of whom are small- and medium-sized enterprises," it said.
The agreement, Socma added, "should promote alignment and efficiencies in the areas of information sharing (while protecting CBI), hazard classification, risk assessment, and the mutual recognition of good manufacturing practices."
To read the full article please visit https://chemicalwatch.com/74344/us-uk-trade-talks-a-chance-for-greater-regulatory-efficiencies-acc