The impact of a ‘NO DEAL’ Brexit on the cosmetics industry

by | Nov 5, 2018

The CTPA have published a very insightful report for its members on the impact of a ‘no deal’ Brexit on the cosmetics industry.

To compile it, they met with different UK Government departments over the summer to get insight into the cosmetic industry priorities and key asks on the future UK landscape and our relationship with the EU post exit.

They also took part in informal consultations on several projects, knowing how crucial it is for business to have adequate notice of the trading and regulatory environment and to avoid a ‘no deal’ scenario with a resultant cliff-edge in March 2019.

In July, the CTPA shared with The Rt. Hon Greg Clark MP from BEIS a letter highlighting the impact of the EU Exit on the UK cosmetics industry, as well as the industry position to remain in the Customs Union and promote EU/UK Regulatory Alignment for the cosmetics sector. They received a response in August from Greg Clark confirming that the key asks from the industry are clearly reflected in the government’s White Paper on Brexit.

The letter confirmed that the government is looking into regulatory alignment by converting EU law into UK law for the Cosmetic Products Regulation and REACH, while preparing for frictionless trade.

While it’s clearly in the mutual interests of the UK and EU to secure a negotiated outcome, the political landscape is very uncertain so it’s crucial for companies to work on contingency planning in case a deal is not agreed.

The UK Government has published a series of technical notices to provide guidance to businesses on how to prepare if the UK leaves the EU with no deal.

The Association highlights the most relevant pages to the cosmetics industry in this for its members, and will continue to update them as information becomes available.

Non-members can also access top line on their report via the CTPA website : www.ctpa.org.uk/BREXIT

Latest posts:

How to trade in China, according to beauty trading experts

How to trade in China, according to beauty trading experts

UK success stories in the Chinese market feel novel. Take British brand's Vitabiotics expansion which has seen 30-40% year on year growth in the market since 2015, or, Argentum Apothecary's launch into China Duty Free just a year after making the jump. BeautyMatter is...

How much filler did Alice Hart-Davis’ MRI reveal?

How much filler did Alice Hart-Davis’ MRI reveal?

Originally published by Alice Hart-Davis, founder of The Tweakments Guide and member of the Council's Policy Committee, this article explores how long dermal fillers really last in the face. Alice says herself: 'Just how long can temporary dermal fillers last in the...

THE NEWS YOU NEED TO KNOW

Stay on top of what's happening across the British beauty industry with our weekly news updates, delivered straight to your inbox.

Thanks for subscribing to receive news updates from the British Beauty Council.

Pin It on Pinterest

Share this on social: