Import and Export - Coursework Example

(Maxwell, 2014) In China, under the Hygienic Standard for Cosmetics (2007 edition), cosmetics cover all kinds of industrial chemicals for daily use which are spread on the outer surface of the human body (e.g. skin, hairs, nails, lips etc) for the purposes of cleaning, deodorizing, skin care, beauty and make-up. The approval of imported cosmetic products is usually going through at the national level in Beijing, while the registration of domestic products is performed at the regional level. (Vérot, 2013) For a brand, the whole registration process would require one year in average for new products with a new formula, in particular due to the toxicology tests that must be performed in China.

Such a delay may lead to tricky situations, in particular for products that must be marketed quickly, especially on some special occasions such as Chinese New Year or the upcoming Singles Day on the next November 11th. (Vérot, 2013) The EU is committed to open trading relations with China. However, the EU wants to ensure that China trades fairly, respects intellectual property rights and meets its WTO obligations. China Company looks for materials that are in the middle range, based on the marketing analysis and the price range that our prospective customers can pay.

At the 16th EU-China Summit held on 21 November 2013 both sides announced the launch of negotiations of a comprehensive EU-China investment agreement. The Agreement provides for progressive liberalization of investment and the elimination of restrictions for investors to each others market. (Anonymous, 2013) All cosmetics imported into China are required to obtain pre-market approval or notification from the Chinese State Food and Drug Administration (SFDA). The approval is referred to as either the Administrative Approval or Administrative Notification.

(Matthew, 2012) III. Hygiene license or record-keeping certificate; for cosmetics