The U.S. cosmetics trade association ICMAD (Independent Cosmetic Manufacturers and Distributors) and Beauty Cluster Barcelona signed a collaboration agreement, at a co-hosted International Networking Cocktail party at the Royal Hotel Carlton in Bologna, Italy.

Besides members of the two entities, French association Cosmetic Valley, the Italian Trade Agency and over 150 industry professionals were present at the signing.

The partnership seeks to promote business relationships, opportunities and knowledge sharing between the two entities, while raising the profile of its members internationally.

Both ICMAD and BCB have created partnership committees to develop initiatives in line with the agreement’s objectives. Future projects include networking events, joint research projects, data sharing, market surveys and corporate social responsibility actions.