The development of international standards can reduce barriers to trade by harmonizing national standards and ensuring minimum levels of quality, labor, and environmental standards are being met.

Question

Quizplus · Accepted Answer

The development of international standards helps in reducing barriers to trade by establishing a common set of standards that ensures minimum levels of quality, safety, labor, and environmental standards are being met. This improves the efficiency of cross-border trade and helps in the development of global supply chains.

The Development of International Standards Can Reduce Barriers to Trade