The British Beauty Council has worked with the Department of International Trade to launch an updated Trade Hub
International purchases of imported beauty cosmetics and skincare products totaled US$72.4 billion worth of global demand in 2021.
The UK had a key role to play in boosting the value of this trade being the 7th highest (monetary) importer of cosmetics in the same year and exporting approximately £4.95 billion worth of cosmetics. This is despite the challenges – and barriers – that have arisen in light of Brexit and changing governments.
In order to maintain this influence, British beauty brands must be armed with the correct knowledge and information to trade correctly. That’s why, the British Beauty Council has launched its updated Trade Hub.
First launched in February of this year, the resource library was formulated to help businesses navigate the post-Brexit ‘transition period’ which saw the implementation of new rules for businesses moving goods between Britain and Europe. Now, the Trade Hub has been refocused to ensure beauty businesses are able to sustain growth.
Victoria Brownlie, Chief Policy Officer at the British Beauty Council, says: ‘We know that growth is high on the Government’s agenda, and as an industry we have a lot to offer in terms of growth potential.
‘The Trade Hub is a key part of driving UK brands offering new and innovative products and services into global markets, thereby improving the country’s reputation as a leader in the beauty sphere but also showing the world that the UK still has so much to offer post Brexit.’
The collated hub of resources covers importing and exporting expectations in the UK, EU, China and the USA. Whether you have questions about HMRC laws, animal testing in China or packaging compliance in America, you can visit the Council’s Trade Hub 24/7.
We are continuing to add to this library of resources and would love to hear about your tips and tricks for trading. Do you have resources to share? Email us today.
Interested in trading in the US? Come to this event…
With panel talks called Understanding the US Consumer, the New American Marketplace and UK Brands Breaking through the Noise, the BeautyMatter X British Beauty Council event will educate you on the rules of engagement, effective marketing strategies and uncovering new market data.
The BeautyMatter team will be joined by Ju Rhyu, Co-Founder and CEO of Hero Cosmetics and Marc Elrick, Founder and CEO of BYOMA, two key cases for successful expansion. More speakers are yet to be announced.
Space is limited so sign up for your ticket today to join us at Spring Studios for insightful discussions and networking with some of the most exciting beauty innovators from the US and UK.