What is regulatory compliance? What is the need for such compliance for our products? Since there are many regions and countries and each of them has their own laws and regulations, why and how we have to comply with all those regulations? What is the regulatory compliance document of a product and how does it benefit? These are the some of the questions which are addressed in this article.
The article could be a good piece of information for anyone, and people in the regulatory affairs of petrochemicals company such as Product Stewards and Regulatory Compliance personnel are more likely to benefit from this.
Regulatory compliance simply means confirming to rules and standards, local, regional or international. There are various organizations for setting the standards. The trade of petrochemicals has increased manifold. The article explains why it has become more important in the current circumstances to have appropriate laws and regulations in place to minimize or control the effects of petrochemicals to the environment. But is it possible to comply with all those regulations given that there are more than 200 countries in the world each having their own regulations and standards? The article tries to tackle this issue which is based on the authors' own experience and business strategy at their company.
Last but not the least the article discusses about the one way in which one can record and keep track of all the regulatory compliance status
of a product, which is through, producing a regulatory compliance document and keeping it ready and available all the time for customers. Apart from keeping track this document will also enhance smoothness in trade, this is also discussed in the article.