WTO DEAL MIGHT GIVE PERSONAL CARE PRODUCTS HELPING HAND WITH EXPORTS – ESPECIALLY IN EMERGING MARKETS

A NEW agreement at the World Trade Organisation (WTO) to reduce many of the formalities facing exporters could give fresh impetus to cosmetics companies engaged in world trade, although some business leaders say it was only one of a number of problems they faced. The WTO’s 'trade facilitation agreement,' completed at Bali last December, lays down that WTO members must publish all import procedures, charges, tariffs and appeal systems.It says penalties for breaking customs rules must depend on the seriousness of the breach and not encourage officials to impose ...


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