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Monday, January 14, 2008

HASBRO Chairman Urges Global Toy Safety Standards -FT

Asking "why can't we have one mandatory global safety standard for toys?" , Hasbro Inc. Chairman Alan Hassenfeld urged regulators to adopt common global toy safety standards.
"If we had one standard for the entire world everyone would cheer because we're so confused (by the competing standards) and it's a huge cost."

Hassenfeld, who is also leading an effort to implement uniform labor and workplace safety standards through the International Council of Toy Industries initiative called the CARE initiative, said companies couldn't evade responsibility for product recalls, especially those related to design problems.

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