Research of the market and economic state of enterprises in the cosmetics industry in the context of reforming the regulatory framework and harmonization in accordance with the requirements of the EU regulations

Viktoriia Akmen (), Svetlana Sorokina, Olena Kruhlova, Marianna Pavlyshyn, Lyudmila Volynets, Olena Kot, Alina Sevostianova, Nataliia Cherevychna, Hanna Zabrodska and Nataliia Lutsiv
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Viktoriia Akmen: State Biotechnological University
Svetlana Sorokina: State Biotechnological University
Olena Kruhlova: State Biotechnological University
Marianna Pavlyshyn: Ivan Franko National University of Lviv
Lyudmila Volynets: National Transport University
Olena Kot: State Biotechnological University
Alina Sevostianova: National Transport University
Nataliia Cherevychna: National Aerospace University “Kharkiv Aviation Institute”
Hanna Zabrodska: State Biotechnological University
Nataliia Lutsiv: Ivan Franko National University of Lviv

Eastern-European Journal of Enterprise Technologies, 2022, vol. 3, issue 13(117), 24-36

Abstract: There is a certain dissonance between the rate of increase in demand, for an expanded range of perfumery and cosmetic goods, and the slow development of regulatory and legal regulation of their production and safety. During the research, it was established that the inertia of state bodies regarding the approval of laws has a significant impact on the economic development of industry enterprises. Problems in methods for determining substances have been identified; ambiguity of the legislative framework regarding the legal liability of producers for falsification, use of non-regulated components, labeling requirements. To solve the problem, a critical analysis of the regulatory impact of the regulatory framework, in time, on the economic condition and competitiveness of industry products was carried out. The legislative requirements put forward in Ukraine, EU countries, Canada, America, China on control of production and testing of cosmetics on animals have been analyzed. As a result of the research, four stages of reforming regulatory regulation by the state and bringing the legislative framework of the industry in line with European requirements have been identified and substantiated. New categories introduced into the regulatory framework have been identified and the prospects for exporting goods produced within the framework of the new regulatory framework are shown. Based on the results of the research, identical and different requirements of the Ukrainian and European regulations for cosmetic products, for packaging, labeling, methods for studying stability, physical and chemical indicators, sampling procedure for expert evaluation were established. It is shown that the introduced changes meet the requirements of European standards and could increase the competitiveness and investment potential of domestic enterprises of the cosmetic industry

Keywords: enterprises; cosmetic industry; regulatory framework; competitiveness; economic development; market; Technical Regulations; investment potential (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:baq:jetart:v:3:y:2022:i:13:p:24-36

DOI: 10.15587/1729-4061.2022.258652

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