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IFRA Report To EC Addresses Trade Secrets, Dangers Of Full Disclosure

 
• By Ryan Nelson

Safeguarding trade secrets “remains the most practical and efficient means of protecting the intangible assets” produced by innovation in the fragrance industry, IFRA asserts in a recently issued report. Threats to the industry’s intellectual property, including calls for full disclosure of formulas, put the market at risk, the group says.

In a report prepared for the European Commission, the International Fragrance Association maintains that current controls among IFRA-compliant firms are adequate to ensure the safety of scents they create, while full disclosure of fragrance formulas would have far-ranging detrimental effects on the industry.

“IFRA supports EU legislation that promotes consumer safety but believes that regulations that would require full disclosure of fragrance formulae ..

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• By Eileen Francis

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