With the global business environments slowly recovering from several years of downturn in the markets the question is how competitive Europe is in the future. In Comparison with the three major business regions in the world, Europe is lagging behind. [...] Several experts think that Europe’s chemical industry will not be competitive in the long-run, even though this issue is not mainly a lack of competitiveness as more a matter of the fact, that the necessary growth is just not there (Chemical Market Reporter 2003). The purpose of this report is to stress out the effects of the implementation of the new European chemicals policy, its relevance for the competitiveness of the Europe and it’s the effects on Bayer Chemicals AG.
Inhaltsverzeichnis (Table of Contents)
- Introduction
- The REACH System
- Elements
- Strategy and objectives
- Implementation Timeline
- The scope of the REACH-Regulation
- Effects of REACH on Bayer Chemicals
- Bayer Chemicals
- Effects on Bayer Chemicals
- Direct
- Indirect
- Conclusion & Fazit
- Bibliography
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This report examines the effects of the implementation of the new European chemicals policy, REACH, on the competitiveness of the European Union and its impact on Bayer Chemicals AG. It aims to highlight the relevance of REACH for the future of the chemical industry in Europe.
- The REACH system and its objectives
- The impact of REACH on the European chemical industry
- The implications of REACH for Bayer Chemicals AG
- The role of REACH in promoting environmental protection and consumer safety
- The challenges and opportunities presented by REACH for the chemical industry
Zusammenfassung der Kapitel (Chapter Summaries)
The introduction discusses the European Union's chemical policy and its relevance in the context of global market competitiveness, focusing on the need for the European chemical industry to remain competitive. It highlights the role of the REACH system in achieving this goal.
The second chapter delves into the REACH system, outlining its key elements including Registration, Evaluation, and Authorization. The chapter emphasizes the shift in responsibility from authorities to the industry regarding the identification and management of potentially risky chemicals.
The third chapter explores the specific effects of REACH on Bayer Chemicals, a leading player in the European chemical industry. This chapter examines both direct and indirect impacts of the policy on the company's operations and future prospects.
Schlüsselwörter (Keywords)
The key concepts explored in this work include REACH, chemical policy, environmental protection, consumer safety, competitiveness, European Union, chemical industry, Bayer Chemicals, risk assessment, and industry regulation.
Frequently Asked Questions
What is the REACH system in the European Union?
REACH stands for Registration, Evaluation, Authorization, and Restriction of Chemicals. It is a regulation designed to improve the protection of human health and the environment from the risks posed by chemicals.
How does the REACH policy affect Bayer Chemicals AG?
REACH has both direct and indirect impacts on Bayer Chemicals, influencing its operational procedures, compliance costs, and long-term competitiveness in the global market.
Who is responsible for chemical safety under REACH?
REACH shifts the responsibility from public authorities to the industry. Companies must now identify and manage the risks linked to the substances they manufacture and market in the EU.
What are the main objectives of the REACH regulation?
The primary goals are to ensure a high level of protection for human health and the environment, promote alternative methods for hazard assessment, and enhance the competitiveness and innovation of the EU chemicals industry.
Why is the competitiveness of the European chemical industry at risk?
Experts suggest that the industry faces challenges due to a lack of market growth in Europe and the high regulatory burden compared to other major business regions, which may affect long-term competitiveness.
- Quote paper
- Michael Rockel (Author), 2004, How does the new European chemicals policy REACH affect Bayer Chemicals?, Munich, GRIN Verlag, https://www.grin.com/document/35881
