Industry rejects lower Reach cost estimate

Cefic maintains call for fuller independent examination of EU chemical regulation's implications

Europe's chemicals industry has rejected a new economic assessment of plans to overhaul EU substance policy, claiming it fails to demonstrate that the initiative's costs will not spiral out of control. The European Commission presented the assessment in Brussels on Thursday.

In its first reaction, trade association Cefic said the revised figures - which predict much lower costs than industry groups have claimed - did not amount to the full evaluation called for last month by the leaders of Germany, France and Britain (EED 23/09/03).

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