Home / Knowledge / News / Textiles / HK traders fear Brexit fallout
HK traders fear Brexit fallout
27
Jul '16
Hong Kong traders, regardless of sector, may have been left reeling by the British referendum to leave the EU; the environmental law sector is no exception, according to report by the Hong Kong Trade and Development Council.

The full impact of the referendum result will depend a great deal on the exit negotiations. Exit negotiations only begin when the UK formally initiates Article 50 of the Lisbon Treaty.

But until the UK actually exits the EU, the latter's chemical and environmental laws will continue to apply to Hong Kong goods exported to the UK.

Every area of environmental law is impacted by Brexit, but, among others, three areas particularly reliant on EU legislation are: chemicals law compliance (REACH, CLP, etc.), waste management (WEEE, batteries, packaging, etc.), and climate change regulation.

If the UK stays part of the single market through continued membership of the European Economic Area (EEA) it will continue to be required to implement REACH. The UK would remain in the existing single market for chemicals and maintain its REACH registrations, but the UK would lose the ability to take part in EU decision-making, HKTDC said.

The final deadline for the REACH registration of existing chemical substances, manufactured in or imported into the EU in annual volumes between one and 100 tonnes, is May 31, 2018. It is fully expected that registrations will need to be completed by UK companies to continue trading on the single market until Brexit is finalised, even though these registrations may end up being deactivated in the future. Other ongoing REACH obligations, e.g., in relation to Substances of Very High Concern (SVHCs) and restrictions, will also continue to apply.

In the event that the UK leaves the single market, the REACH Regulation, which is directly applicable in all EU/EEA Member States, would no longer apply. As with other non-EU manufacturers, UK-based companies would have to get their importers or newly appointed only representatives (ORs) in the EU or EEA to register their substances. In consequence, UK manufacturers may have to restructure their supply chains to enable compliance and will have to supply all relevant information and documentation needed for registration. For Hong Kong traders who have appointed an OR in the UK, these arrangement will most likely need to be reassessed. This is because ORs have to be established in an EU/EEA Member State. If the UK joins the EEA agreements, the OR option would remain.


Must ReadView All

Textiles | On 26th Jul 2017

Q1 2018 revenue at Raymond soars 14%

The consolidated revenue of Raymond Limited for the first quarter of...

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Textiles | On 26th Jul 2017

Leather & footwear industry expecting incentive package

India’s leather and footwear industry is anticipating an incentive...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X