Europe moves to cut red tape in chemicals sector

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European Commission says plan will support chemical producers but critics fear consumer protection will be weakened

BRUSSELS - The European Commission has unveiled its latest red tape-cutting Omnibus package of measures to make businesses more competitive, this time targeting the chemicals industry.

Billed as an 'Action Plan for the Chemicals Industry', it combines new support measures for Europe’s chemical producers with a set of rule changes designed to reduce administration and cut costs.

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