The product of the review was issued in February 2001 and is titled Strategy for a New Chemicals Policy, commonly referred to as the EU “White Paper.” Although the White Paper is only a conceptual framework document, regulations implementing it are likely to be issued in phases starting as early as July 2002. U.S. businesses with large chemical export markets should be concerned with its implications.
European Regulations Impact U.S. Business
Based on a Widespread Belief That The Review and regulation of existing chemical substances in the European Union (EU) are ineffective, the European Council in 1998 initiated a review of the various EU legislative authorities on chemical regulation. When they completed their work, the council urged the EU Commission to develop a new system reflecting the joint themes of sustainability and the precautionary principle.