Standardization in international trade

Standardization in international trade refers to the process of establishing uniform guidelines and criteria for products, services, and processes across different countries. This ensures consistency and compatibility, making it easier for businesses to trade globally. For instance, standardized measurements or quality specifications help avoid confusion, reduce costs, and enhance safety. By aligning different countries' regulations and standards, it promotes smoother trade relationships and greater market access, benefiting both producers and consumers. Overall, standardization aims to simplify international commerce and foster economic collaboration.