"Minimizing the Impact on the Cosmetics Industry"... Ministry of SMEs and Startups Presents Response Strategies to U.S. Tariffs

Global Cosmetics Export Regulations and Tariffs Seminar Held

The Ministry of SMEs and Startups has initiated concrete support measures for the cosmetics industry, which is facing difficulties due to U.S. tariffs and other challenges, by presenting response strategies such as certificates of origin.

On September 17, the Ministry announced that it would hold the 'Global Cosmetics Export Regulations and Tariffs Seminar' with the Ministry of Food and Drug Safety at Lotte Hotel World in Seoul on September 18. The seminar aims to review the export challenges faced by the domestic cosmetics industry due to U.S. tariff measures and to explore detailed response strategies.

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This seminar has been jointly organized by the Ministry of SMEs and Startups and the Ministry of Food and Drug Safety since last year to provide information on export regulations in major cosmetics export destinations such as the United States, Japan, and Europe, which are key challenges for the cosmetics industry-the top export sector among small and medium-sized enterprises.

This year, in particular, a separate session titled 'Changes in Country-Specific Cosmetics Tariff Policies and Response Guidelines' was prepared to introduce tariff information for cosmetics and response strategies such as certificates of origin, in light of the growing difficulties faced by cosmetics exporters due to U.S. tariffs.

The Ministry introduced various response strategies for export regulations that may be encountered during the export process, including trends in U.S. cosmetics regulations and major customs rejection cases under the U.S. MoCRA (Modernization of Cosmetics Regulation Act), key regulatory requirements and response strategies for major countries such as Europe and China, and differences and response strategies for halal systems by country. One-on-one consultations between companies and regulatory or tariff experts were also provided to offer customized solutions for participating companies regarding export regulations and tariffs.

Lee Soonbae, Director General for Global Growth Policy at the Ministry of SMEs and Startups, stated, "Recently, global cosmetics regulations are being further strengthened, especially in Europe and the United States. The Ministry will actively support efforts to strengthen the capacity to respond to export regulations so that cosmetics, the top export sector among small and medium-sized enterprises, can maintain its current global status."

The lectures from this seminar will be made available later on the official website of the Export Support Center of the Ministry of SMEs and Startups and the website of the Overseas Certification Support Center.