International Trade

South Korea trade surplus

South Korea’s trade surplus shows K-beauty global power

By Natasha Spencer

As South Korea’s cosmetics industry saw a trade surplus of over three trillion won (€2.3 bn) — how much exports exceed the cost of the country’s imports — K-beauty is now fiercely expanding into European markets.

China cosmetics giant launches in Australia

China cosmetics giant launches in Australia

By Lucy Whitehouse

Uniasia Cosmetics, a leading player among China's cosmetics giants (described as the country's third-largest retailer), has made a decisive move into the Australian market.

China's e-commerce tax changes set to benefit beauty

China's e-commerce tax changes set to benefit beauty

By Lucy Whitehouse

China is reportedly altering its tax policy for e-commerce in a move which will further promote cross-border trading for the country, and looks set to particularly benefit cosmetics sales.

The Philippines looking to develop its halal market

The Philippines looking to develop its halal market

By Lucy Whitehouse

The Philippines is looking to bolster its halal industry, and has introduced various new bills to encourage the manufacture, accreditation and trade of domestically produced halal products.

Japan's feeling the heat to follow EU ethics on animal testing

Japan's feeling the heat to follow EU ethics on animal testing

By Michelle Yeomans

Although Japanese law does not require most cosmetics to undergo animal testing - it is not prohibited and the government is really feeling the pressure to introduce the same regulatory requirements around alternatives as the EU.

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