Lexikon

different systems of classification and labelling C&L of chemicals are currently used throughout the world. The same substance may be classified as “toxic” in the United States, “harmful” in the European Union and “not dangerous” in China. To eliminate these disparities and to reinforce protection for people and the environment in all countries, it was decided to develop a Globally Harmonised classification and labelling System GHS under the aegis of the United Nations. The GHS was formally adopted in 2002 by the United Nations Economic and Social Committee UN ECOSOC and revised in 2005 and 2007.
It aims to improve the communication on hazards for workers, consumers, emergency responders and in transport, via harmonised labels and where relevant, harmonised safety data sheets.
European Commission adopted in late 2008 the so called "CLP" regulation EC No 1272/2008 on classification, labelling and packaging of hazardous substances and mixtures, which will replace in the medium term the current system.
This regulation takes into account the classification criteria and labelling rules of the GHS but it is also built on the 40 years of experience obtained through implementation of existing Community chemicals legislation.

Source: REACH, http://www.prc.cnrs-gif.fr/reach/en/classification.html