Statement from the Personal Care Products Council on Implementation of USMCA, a Significant Milestone for Free Trade
FOR IMMEDIATE RELEASE
Washington, D.C. – “The Personal Care Products Council (PCPC) applauds the implementation of the United States-Mexico-Canada Agreement (USMCA), which successfully renegotiates the North American Free Trade Agreement (NAFTA) and brings North American trade into the 21st century. We congratulate Ambassador Lighthizer and his Mexican and Canadian counterparts for this significant undertaking.
“The Agreement provides our industry with further opportunities to grow regionally and contribute to our competitiveness around the world. Of particular note is the high standard Cosmetics Annex, the first of its kind, which commits all three countries to good regulatory practices and eliminating trade barriers affecting the cosmetics and personal care products sector.
“The U.S.-Canada Appendix to the Annex uniquely recognizes the importance of regulatory alignment for products at the cosmetic-drug interface, and will bring immediate and significant commercial benefit to our member companies.
“It is our hope that the USMCA Cosmetics Annex will serve as a model for all U.S. free trade agreements in the future. We look forward to continuing to work with all three governments to ensure the USMCA Cosmetic Annex and Appendix– and the entire Agreement – is fully implemented and enforced in a way that allows the cosmetics and personal care sector to realize all USMCA’s intended benefits.”
For more information on cosmetic and personal care products, please visit www.CosmeticsInfo.org.
Based in Washington, D.C., the Personal Care Products Council (PCPC) is the leading national trade association representing global cosmetics and personal care products companies. Founded in 1894, PCPC’s approximately 600 member companies manufacture, distribute and supply the vast majority of finished personal care products marketed in the U.S. As the makers of a diverse range of products millions of consumers rely on and trust every day – from sunscreens, toothpaste and shampoo to moisturizer, lipstick and fragrance – personal care products companies are global leaders committed to product safety, quality and innovation.