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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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Matica | LSE:MAT | London | Ordinary Share | GB00B1S4QS09 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 4.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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0 | 0 | N/A | 0 |
BRUSSELS (AFP)--The European Commission isn't satisfied with China's record on dealing with consumer product safety, a commissioner said Monday, announcing record levels of dangerous goods.
The comment came as the European Union's executive arm released new figures on dangerous goods, showing that a record number were found throughout the E.U. last year, with more than half coming from China, in particular hazardous toys.
The commission's rapid alert system for nonfood goods, RAPEX, said 1,866 unsafe products were brought to its attention in 2008, a 16% increase on the previous year.
Products from China accounted for 59% of the goods reported, substantially up from 52% in 2007 and 49% in 2006.
In only half of the Chinese cases which came to light, preventive or restrictive measures were carried out to deal with the problem.
One of the biggest problems was identifying the Chinese companies involved.
"This is not good enough as we stated in 2007," said E.U. Consumer Affairs Commissioner Maglena Kuneva, who said the level of action was much better than in previous years.
"It is an improvement (but) no I am not satisfied, and I am working with Chinese authorities " to remedy the problems, she told reporters in Brussels.
"We shouldn't take this as a signal to close our markets. We need good, non-dangerous products from China, but not at the expense of safety."
Toys made up almost a third of the dangerous products recalled worldwide.
The flood of Chinese-made toys has been a growing concern in recent years, with U.S. company Mattel Inc. (MAT) recalling more than 21 million such items in 2007 alone.
The next largest sectors for recalls were electrical appliances, which made up 11% of the total cases, motor vehicles (10%) and clothing (9%).
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