News ID: 151133
Published: 0700 GMT May 10, 2016

Iran to ease regulations on Korean cosmetics exports

Iran to ease regulations on Korean cosmetics exports

Iran and South Korea have signed an agreement to partially ease regulations governing Korean cosmetics exports to Iran starting from later this year, making way for the expanded sales of locally made cosmetics in the Iranian market.

Korean Ministry of Food and Drug Safety said its Iranian counterpart has agreed to eliminate on-site inspections — which had been mandatory until now — for certified Korean cosmetics destined for sale in Iran, The Korea Herald reported.

As long as they are certified under the Good Manufacturing Practice, or GMP system, Korean cosmetics companies will no longer be subject to such inspections when seeking to export their products to Iran.

Moreover, Iran has eliminated the need for Korean cosmetics companies to present documentation that proves their products have already been approved in the US or Europe.

Under the agreement, Korean cosmetics-makers will only have to prove that they have been approved for sale in Korea. In effect, this means Iran recognizes Korean cosmetics standards as being on par with those made in the US and Europe, the ministry said.

The two countries also plan to set up a space dedicated to promoting and selling Korean cosmetics in Iran by this year. However, the exact timing and details have yet to be determined, due to unsettled issues such as funding.



Exporting nano products


Iranian Vice President for Science and Technology Sorena Sattari announced that the country has exported its first nano product to South Korea.

"This has changed our world ranking in the nano sector from seven to the sixth," Sattari said on Monday, reported Fars News Agency.

He noted that the measure has been taken following the removal of sanctions and this is a great step forward in the nano sector.

Sattari said that the removal of sanctions has helped Iran achieve remarkable breakthroughs in scientific and engineering fields.

Iran and the six world powers held several rounds of talks in Geneva, Lausanne and Vienna before reaching a final agreement in Vienna on July 14 to end a 13-year-old nuclear standoff.

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