Developed Markets - Highlight
19 May 2017
Japan's Ministry of Economy, Trade and Industry (METI) is organised into many bureaus and agencies to formulate and execute a wide range of economic, industry and trade policies, which are aimed at promoting Japan’s international trade and investment, while fostering a conducive business environment for sustaining Japan's economic growth.
The EU has recently amended the Toy Safety Directive (TSD) to include the restriction of phenol in certain toys. The restriction will become effective on November 4, 2018. In October 2014, we informed you that the World Trade Organization (WTO) had circulated a proposal from the European Union (EU) to regulate six chemicals in toys for children less than 36 months or other toys intended to be placed in the mouth under Appendix C of Annex II to the TSD.
Health benefits, convenience and environmental sustainability were the clear battlegrounds, as own-label manufacturers fought to demonstrate added-value and product differentiation at the Private Label Manufacturers' Association Show.