Who profits from standards?
"Everyone profits from standards." This is not just a slogan, it is a fact. Because, the mere existence of standards provides many practical advantages, especially for:
Enterprises
- decreasing transaction costs
- reduction of expenses for business initiation and administration
- consolidation of competitive position
- market expansion (using European & International Standards)
State
- knowledge in the form of public goods
- high multiplier effect: every Euro invested in standardisation yields a forty-fold increase in profit
- instrument of applied economic policy, e.g.
- realisation and deepening of the Single European Market
- requirement for EU-membership
- "International Standards" are a central topic at the World Trade Organisation WTO - concretion of the "basic requirements" of EU Directives
- declaration of standards as being mandatory by law or decrees
- reference to standards
- reference to standards in legal notifications
Science, Testing Laboratories
- putting research results into economic practice
- basic principles for inspection
- availability of common testing methods
- test results are comparable and comprehensive
Consumers
- specification of safety requirements for products
- definition of the requirements for services (minimum volume, qualification of the supplier)
