The Importance of Harmonized Standards in a Global Marketplace
Understanding the Advantages, the Process and the Markets Affected
Advances in transportation and technology have helped to grow the global marketplace in recent years. Today, manufacturers and consumers have access to more markets than ever before, but they are also faced with more hurdles.
When different countries have varying requirements that must be met by the products sold in their jurisdictions, it adds complexity — and costs. Manufacturers of products are faced with the task of designing and testing multiple products for multiple markets, and complying with multiple safety standards in order to sell these products in their desired markets. These added tasks not only increase costs, but they slow down production and time to market.
Internationally harmonized standards are the key to making global trade more accessible and economical by removing barriers to doing business across borders.