This article outlines the latest developments in the regulation of the cosmetics market in Southeast Asia and South Korea, including Indonesias new e - commerce regulations, the recommendation letter for cosmetics notification applicants, the MoU on halal products, as well as South Koreas revision of cosmetics testing guidelines and analytical methods for prohibited ingredients.
According to reports from Bangladeshi media Financial Express and Daily Sun, Bangladesh, as the worlds second-largest garment exporter, is experiencing significant changes in exports. Recently, QIMA, a company serving over 30,000 global brands, released a report indicating that global brands and retailers are gradually reducing procurement from Bangladesh while increasing purchases from China. This trend was particularly evident in 2023, with Bangladeshs garment exports experiencing double-digit declines in October.
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