Thursday, June 12, 2008
According to an article in the Washington Post today, the European Union (EU) has recently begun to implement new regulations with respect to chemicals to better ensure consumer safety and the environment. The new regulations require that chemicals be tested and determined to be safe before being placed on the market - a practice that is the opposite of U.S. practice which allows chemicals on the market unless they are demonstrated to be harmful.
This action is the latest in a series of measures taken by the EU which is setting the standards for businesses worldwide. EU law is already have a significant effect in the area of protection of consumer information and in the antitrust/anticompetition sphere, particularly in lieu of the Microsoft case. With its 27 member states and market of 500 million people, the EU increasingly has the political muscle to set the rules of the global marketplace.