A note on dire need of harmonisation of cosmetic legislation

Kapoor Shweta and Saraf Swarnlata

International Journal of Trade and Global Markets, 2008, vol. 1, issue 4, 419-431

Abstract: Current Cosmetic regulatory frameworks reflect cultural differences between markets as well as legislative traditions. Differences in regulatory frameworks imposed barrier in innovations and reduces market size of cosmetic product, which led to significant economic loss. This paper enlightened about the barriers for harmonisation, current activities to encourage harmonisation, role of organisations and measures to be taken for it. Once the process of harmonisation is complete, this could bring significant benefits for innovation by increasing the size of the market for global products. So from the point of economic growth and consumers benefits there is a dire need of harmonisation of cosmetic legislation.

Keywords: cosmetics legislation; harmonisation; innovation; regulatory frameworks; economic growth; cultural differences; culture; cosmetic products; consumer benefits. (search for similar items in EconPapers)
Date: 2008
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