Korea to Align Cosmetic Regulations with ASEAN Member Countries by 2019

Takehome:

MFDS will form a new council with ASEAN member countries to create standardized cosmetic regulations for the South Asian cosmetic market by 2019.

Although China remains South Korea's most important cosmetic trade partner, Korean cosmetic companies also view the whole of Southeast Asia as highly important. To better engage in trade within the ASEAN market, the Korean government has signed an agreement to realize multilateral trade, unified GMP standards, compatible customs clearance procedures and regulatory unification. In addition to these changes, Korea is also planning to offer opportunities and training to local cosmetic companies to help increase exports.