Success with Standards
Standards generate economic benefits which have been estimated at 17 billion euros a year for Germany alone.*
Standards promote worldwide trade, encouraging rationalization, quality assurance and environmental protection, as well as improving security and communication. Standards have a greater effect on economic growth than patents or licences.
Standardization is a strategic instrument for economic success. By becoming involved in standards work, businesses can gain a competitive lead through timely access to information and knowledge. They can use this to their own advantage, reducing the risks and costs involved in R & D as well as greatly reducing transaction costs.
Standards play a major deregulatory role, relieving the state of the responsibility for developing detailed technical specifications. By referring to standards, legislation is more flexible in adapting to technical advances.
* as per DIN study "Economic Benefits of Standardization", updated 2011
International and European Standards provide a technical "lingua franca" for trade partners throughout the world and help remove technical barriers to trade. more
Access to Global Markets
Using standards and actively participating in standardization helps businesses gain market access for their products and services. Standards are the basis for international success. more
Standardization has a positive effect on the entire innovation process, from fundamental research to marketing new products. Standards serve as a knowledge-base and catalyst for innovation. more
By using standards, businesses can save enormously in all areas more