News
On Dec. 13th, 2014 in Shenzhen (PRC), Mr. Umberto Pianca, Managing Director of Bio Basic Europe, and Mr. Sangem Hsu, CEO of Centre Testing International (CTI) have signed an MoU to develop a partnership in the development of testing frameworks, regulatory support and certification for cosmetics, food supplement and medical devices manufacturers.
The MoU aims at developing joint services aimed at a twofold objective: on the one hand, projects aimed at favoring the access to Chinese market by European players and, on the other hand, projects aimed at favoring the access to the European markets by Chinese players. Further, the companies will undertake joint research and collaboration to favor the diffusion of a efficacy testing and continuous research among Chinese cosmetics and food supplements manufacturers.
“The agreement signed in Shenzhen will enable the two companies to develop smoother certification and testing frameworks for market entry on both the sides, and will make trade much easier”, Mr. Pianca said. Also Mr. Hsu shares this view: “CTI wants to develop state-of-the-art frameworks for the Chinese market, and the MoU with Bio Basic Europe is a great opportunity for both the parties to provide our customers with an integrated, high quality service, responsive to market expectations”.
Such a MoU appears to be in continuity with the recent partnership framework between China and Italy foreseen by the respective Prime Ministers during the recent ASEAN Forum held in Milan in October.
Thanks to this MoU, CTI and Bio Basic Europe are able to provide a 360° service to companies willing to bet on internationalization and multilocal approach in two of the most important markets worldwide: helping companies already exporting comply with the evolving norms and regulations, and developing testing and certification frameworks able to contribute also to product marketing. This would enable the business development in a market where regulatory differences and cultural distances are still limiting the otherwise almost infinite potential of bilateral trade.
Bio Basic Europe s.r.l. has been operating for over twenty years in testing and certification for cosmetics, medical devices and food supplements. Thanks to a continuous collaboration with research institutes and Universities worldwide, Bio Basic Europe is able to provide a strong technical and regulatory advisory not only to comply with regulations, but also to improve product performance. Thanks to a series of agreements, the company offers its service in 4 continents.
CTI, located in Shenzhen and with offices and labs in more than 30 Chinese cities, in Taiwan, in Hong Kong, in Singapore, in UK, in germany and in North America, is the largest private-owned (listed in Shenzhen Stock Exchange)certifying body in China, with 4.200 employees and a comprehensive portfolio ot testing and regulatory support services covering essentially all the industries, from industrial to consumer goods. It has recently signed an agreement with the University of California Los Angeles (UCLA) and with the English company FoodForensics to develop innovative quality and tracking frameworks for food industry.
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