Technical Regulations and Standards - Impact on international trade


      In recent years, the number of technical regulations and standards adopted by countries
      has grown significantly. The need to comply with different foreign technical regulations and
      standards certainly involves significant costs for producers and exporters. In general,these
      costs arise from the translation of foreign regulations, hiring of technical experts to explain
      foreign regulations, and adjustment of production facilities to comply with the requirements.
      In addition, there is the need to prove that the exported product meets the foreign regulations.
      The high costs involved may discourage manufacturers from trying to sell abroad. In the
      absence of international disciplines,a risk exists that technical regulations and standards
      could be adopted and applied solely to protect domestic industries.