The EU has approximately 440 million consumers across 27 member states, which makes it the largest single market in the world.
As such, it attracts vast quantities of products that don’t meet the Union’s safety standards. The average annual cost of accidents related to unsafe products is around €11.5 billion, and with the emergence of new technologies, this figure was expected to increase.
The General Product Safety Regulation’s timely implementation should curtail these losses and improve the safety of consumers throughout the European Union and European Economic Area.
This harmonization legislation addresses product safety concerns while taking into consideration software products and the rise in popularity of online marketplaces.
The EU’s new product safety regulation GPSR puts more responsibility on economic operators, such as manufacturers or distributors, by making it mandatory for them to meet a set of requirements to prove the product’s compliance with the new safety regulation.
Read on to find out how GPSR affects distributors, importers, and manufacturers and to learn more about the responsibilities of these economic operators.
