Quote:
Originally Posted by pip08456
Anyone with any sense knows that a company who wishes to trade with any country or trading block must meet the legislation requirements of that country or bloc.
It's hardly rocket science.
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REACH was massive for the chemical industry. Registration and compliance has taken years and a hell of a lot of money and is a significant investment. If the UK leaves the REACH Framework, there is concern that there will be divergence from the REACH rules over time. There therefore needs to be a system of mutual recognition between any new UK regulations and REACH if no extra regulatory costs are to be incurred.
According the the Chemical Industries Association, of the industries exports, 60% go to the EU and 75% of its' imports come from the EU. Noncompliance or divergence from REACH would be a massive deal.
For the UK, post Brexit, I see the options are;
- Stay in REACH with a cost to the tax payer and having ECJ arbitration
- Go it alone with our own regulations and force the industry to adopt a new set of regulations
- Develop a mutual recognition system with REACH so we mirror REACH regulations but have no say in those regulations - would the UK regulator de facto recognise exisiting REACH paperwork?
The only option with zero additional cost to the industry is staying in REACH
See also the EMA for medicines...
Here's a factsheet from the Chemical Industries Association on their Brexit position -
https://www.cia.org.uk/LinkClick.asp...%3d&portalid=0