As in many other developed areas, there is a huge variety of cosmetic products in Hong Kong, and despite its small manufacturing sector, Hong Kong has seen rapid growth in cosmetic industry in recent years, says the Hong Kong Cosmetic Technical Resources Centre (HKCTRC).
In this special region, most cosmetics companies are traders who act as agents of foreign brands and sell in the region, particularly in mainland China. The unrivalled position of Hong Kong as a place to invest – it has low and simple taxation, well-established intellectual property protection law, and an absence of trade barriers – creates a good business environment for cosmetics merchandise.
Despite the outstanding soft and hard infrastructure for scientific and technological excellence, Hong Kong has limited expertise and professional technical support for the cosmetics industry. The increasing demand concerning these aspects explains the establishment of the HKCTRC, which is jointly founded by CMA Testing and Certification Laboratories (CMA Testing) and the International Cosmetics (Asia Pacific) Joint Development Centre.
HKCTRC is a distinctive organisation with expertise from various authoritative entities covering technical support, quality control, professional training, product development, production technology, market trends, regulations and licence application for cosmetic industry.
HKCTRC’s mission is to enhance continuing development and competitiveness of the Hong Kong cosmetics industry by pooling expert technical resources from all over the world. Further details of services can be viewed at www.hkctr.com
