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 Friday, July 08, 2005

The ITU together with World Standards Cooperation (WSC) partners ISO and IEC are acknowledged as “the most important” of the 49 international standardizing bodies in the World Trade Report 2005, just published by the WTO (the World Trade Organisation), in an analysis of “Trade, Standards and the WTO”.

The report underlines the important benefits that standards can deliver in terms of information for consumers, environmental protection and compatibility of related goods and services.

“International standards help ensure technical compatibility across countries and convey information to consumers about products that have been produced abroad or processes that took place in another country,” the report states, adding, “International standards thus reduce transaction costs and facilitate international trade.”