20 March 2013 17:51 [Source: ICIS news]
LONDON (ICIS)--The European Commission on Wednesday lowered the fees and charges that small- and medium-sized enterprises (SMEs) have to pay to register chemicals under the EU’s Reach regulation.
Depending on the size of the company, SMEs could benefit from reductions of 35-95% for registration fees, and from 25-90% for fees for authorisation requests.
“This step should help SMEs that produce or trade chemicals to remain competitive during the current difficult market situation,” the Commission said in a statement.Reach has often been criticised for the relatively high costs it imposes on smaller firms. Proposals to reduce those costs were part of a review of Reach the Commission published last month.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections