Brexit and the Cosmetics Industry – what you need to know
10:00 - 10:30
November 14, 2018
On 29 March 2017 Theresa May launched the European Union exit process by triggering Article 50 of the European Union Treaty. The United Kingdom is now preparing to formally leave the EU by the end of March 2019.
The UK is the second largest European market for cosmetics; worth more than 9 billion pounds in 2016 (retail sales price). Companies based all over the world, not just in the UK will be affected and will have to adapt quickly to the new regulatory environment in order to ensure business continuity. But how can we prepare when we do not know what the legislative landscape will be in the UK, and what will be the new trade relationship between the EU and the United Kingdom?
More than a year after the Referendum, it is important to take a look at what we know about the negotiations, the “Repeal Bill” and the regulatory consequences of the Exit from the EU for the cosmetics industry.
By the end of the seminar, delegates will understand:
- The impact of “Brexit” on the cosmetics industry and its supply chain
- The political context of the negotiations
- CTPA key asks and involvement with external stakeholders
- What can and should be done now to ensure business continuity
- Olivia Santoni CTPA