TSMA Yearbook 2018

46 2018 Yearbook the required adjustments in the production process of products, their labeling and packaging, which can well save significant amounts of money. For each regulation, there will be a summary in English language and the specific labeling requirements will also be in English. C&R also has a translation service in place for the full text of the regulations, if required, further it provides a legal help desk. As a matter of course, any communication between subscribers of the Database and C&R’s services will be confidential and password- protected and will not be accessible by any other subscriber/competitor. Subscription will allow a company to access the information with a maximum of five users, access for additional users will be charged with an annual fee of US $ 1,500. 4. Subscription Fees and Charges: The tailor-made solution will also have the benefit for any subscriber - and in particular for WFSGI members, who will enjoy preferential treatment in terms of considerably lower subscription rates - that through an economies of scale approach, individual companies will need to spend substantially less money both in dollars and cents and in terms of time than they would need to, if they would try to collect such information at individual level. This new project alone should be a valid reason for TSMA member companies to join the WFSGI as direct industry members. The annual subscription fees do also include the setup charges of C&R to set up a new user account and are divided into seven categories with a sliding scale of annual fees, starting for non-WFSGI members with an annual turnover between 500,000 and 1 Million USD of 9,574 USD up to 61,800 USD per annum for the largest global players in our industry with an annual turnover of more than 20 billion US dollars compared to 8,776 USD and 56,650 USD for WFSGI member companies. I only can encourage the readers of this article to take a closer look at the services offered, in this context it goes without saying that the WFSGI team itself is also available to provide additional information and you may want to contact Charlotte Giudicelli by E-mail at the WFSGI’s headquarters in Switzerland at cgiudicelli@wfsgi.org . Finally, I am also personally very happy that the WFSGI is now able to offer this valuable new tangible service to its members and non- members, since it had been quite a piece of work to accomplish this also for me by having led the quite complex contract negotiations between the WFSGI and the Irish service provided C&R.