A debate is due to be held in the UK by a delegation of the European Economic and Social Committee (EESC) on 17 May to discuss how to make the European personal health care and cosmetics sector more competitive.
The EESC delegation are planning to meet in Nottingham to consider policy recommendations from business, trade unions, consumers, research, academia and interest groups concerning ways in which to strengthen growth in the personal care and cosmetics industry. It is also due to consider how to create more jobs and launch new innovations.
From the meeting, a report will be drawn up by Madi Sharma, a UK member of the EESC and businesswoman based in Nottingham. The recommendations will be included in the report and presented to the European Commission and European Parliament later in the year.
Sharma said: “I am proud of Nottingham and have seen industrial growth and innovations created in my city. The MediCity and BioCity campuses in Nottingham have been at the forefront of innovation in the healthcare sector and the Creative Quarter has recently won a European Award. Hosting the event in Nottingham therefore showcases the city’s capability of being a key driver for new products, new jobs and new companies. My aim is to showcase this potential to European colleagues.”
According to EESC, the European business sector is worth £57bn and Europe is a world leader in the sector and a dominante exporter of cosmetics. The UK cosmetics sector, it said, was worth £8,381m in 2014 based on retail sales prices.