The European Union has recently decided to expand its regulation into U.S. companies that interact with European countries. The most recent example is the blockage of the merging between American company Illumina Inc. and European company Grail Inc. Grail’s technology aims to help detect cancer early through blood testing, which Illumina was looking to accelerate as a leading competitor in genetic variation and function technologies. The blocking of this $7.1 billion acquisition demonstrates the emphasis the EU is putting on extending its power.
globalEDGE Blog - By Tag: regulatory-agencies
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Back in February, a colleague of mine wrote a blog post regarding the European horsemeat scandal in which horsemeat was advertised as beef in supermarkets. He described the implications that this might have concerning the global supply chain. One quote of his that proved to be shockingly accurate was, “…that the recent events involving horsemeat are only the tip of the iceberg.” Yet another food safety scare has arisen in China, where people are getting served rat meat for dinner instead of the requested mutton meat. China has experienced other food scandals in recent years, mostly involving toxins detected in dairy products. These food scandals have resulted in increased international trade, especially with dairy products, and the much needed increase in food-safety regulation in China.
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globalEDGE is very excited to announce that we have completed our latest feature: regulatory agencies! We have compiled a listing of over 600 regulatory agencies across all globalEDGE industries and most countries. The regulatory agency links appear in both the industry and country specific pages- allowing for easy use for globalEDGE users. Users of globalEDGE will find these useful in that they will now be able to easily be able to research the specific regulations of countries that they may want to do business in. Also, many of the Business Services Regulatory Agencies are involved with the import/export regulations of those countries. No matter what industry one is involved in, I’m sure these resources will be useful to you! Go check them out on gloablEDGE!