Armenian regulatory framework of the cosmetics and pharmaceutical industries, and its compliance with international regulations. Whether the existing regulatory framework of cosmetics and pharmaceutical industries complies with international best practice and ensures product safety and consumer protection

Abstract

This paper presents a general overview of the international and Armenian regulatory framework of cosmetics and pharmaceutical industries and production. Moreover, it covers the rules and regulations set by some international organizations. In addition, international best practice, requirements for compliance in the international market as well as examples from various developed countries that can be applicable to Armenia’s national legislation are discussed. The paper studies the impact of EAEU regulations harmonization with the national regulatory framework and the extent of implementation procedures. It also analyzes the prospects of the advancement of the Armenian regulatory framework based on international best practice and existing EAEU regulations and presents recommendations proceeding from the aforementioned analysis.