China and the U.S. have agreed to hold a dialogue in Beijing in the first half of 2016, with participation from U.S. and Chinese regulatory authorities as well as other government officials and stakeholders from the two countries to exchange views on various issues including cosmetics regulations, rules and regulatory practices.
According to the U.S. Department of Commerce, China is the 10th-largest export market for U.S. personal-care and cosmetics products, with exports totaling $297 million in 2014 and growing at an average of 12 percent over the past five years.
Beauty, color cosmetics and skin-care products are the largest category of these exports representing 52 percent of the total, followed by personal toiletry items such as shaving cream at 12 percent.
The agreement to hold a dialogue early next year followed the 26th U.S.-China Joint Commission on Commerce and Trade (JCCT) in Guangzhou, China, on Nov. 21 to 23. That meeting was cochaired by U.S. Secretary of Commerce Penny Pritzker, U.S. Trade Representative Michael Froman and with Chinese Vice Premier Wang Yang.
Among the issues discussed were cosmetics and personal care. During the meeting, Chinese and U.S. authorities agreed to work together under the current JCCT Trade and Investment Working Group framework, according to the U.S. Department of Commerce.
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China’s recent actions to reduce tariffs on various consumer goods, including skin-care products, from 5 percent to 2 percent, starting in June 2015, will further facilitate U.S. exports, noted the Department of Commerce briefing. Overall, the cosmetics sector is an important contributor to the U.S. economy, providing 48,513 manufacturing jobs in 2013.
“We are pleased that the U.S. Secretary of Commerce and the Chinese Vice-Premier have acknowledged the contribution our industry makes to both the U.S. and Chinese economies,” stated Francine Lamoriello, executive vice president of global strategies at the Personal Care Products Council (PCPC). PCPC has actively worked with both U.S. and Chinese officials to address the regulatory environment in China for U.S. beauty products. “Through this dialogue, we hope that we can work with both sides to further promote best practices in cosmetics regulations.”