International Standards stimulate trade, overcome artificial trade barriers and help level the playing field.
Geneva, Switzerland (PRWEB UK) 7 October 2014
World Standards Day 2014 celebrates the ways in which Standards level the playing field for all market participants.
We are living in a world that is undergoing profound transformations at all levels. Economies have never been more interdependent. Today, products that are consumed in one market are no longer “made in one country”; they are “made in the world”. Before they get to the end-consumer, they transit through many countries where manpower or parts add value to the final product.
Small and medium enterprises (SMEs) that use International Standards will find it easier to get their products certified and are better able to compete and sell anywhere in the world. With International Standards, SMEs are able to take part in global value chains and benefit from technology transfer.
Countries that have mainstreamed International Standards in their policies and regulations are able to better protect their populations and give them a bigger choice of quality products.
In a multi-polar world, where the influence and economic weight of emerging economies is shifting the balance of power, International Standards stimulate trade, overcome artificial trade barriers and help level the playing field. This makes companies, industries and economies more competitive, making it easier for them to export, and stimulates diversification nationally and internationally.
The IEC family comprises 166 countries, 98% of the world population and 96% of world energy generation. Many Members celebrate World Standards Day with national activities.
The leaders of the IEC, Dr Junji Nomura, of ISO, Terry Hill and of ITU, Dr Hamadoun I. Touré conclude: International Standards not only make good business sense, they also allow more countries and companies to participate in global trade, stimulating exchange and promoting economic development.
The World Standards Cooperation (WSC) was established in 2001 by the IEC, ISO and the ITU to strengthen and advance their voluntary consensus-based International Standards systems. It also promotes the adoption and implementation of international consensus-based standards worldwide; and resolves any outstanding issues regarding cooperation in the technical work of the three organizations.
Download the World Standards Day poster here.