There is clear evidence that IEC International Standards and Conformity Assessment Systems are more important than ever before.
IEC work plays a crucial role in enabling global trade
The need for standardization will continue to grow due to technological integration. Advanced technology fields and the corresponding highly profitable markets all depend on standardization for their large-scale deployment.
International Standards are also increasing in importance because economies have never been more interdependent. Today, products that are consumed in one market have transited through many others. They are no longer “made in a country”; they are “made in the world”. Standards in combination with conformity assessment are used by companies and countries as a strategic instrument in accessing more markets faster and at less cost. In everyday life Standards help reduce transaction costs and information asymmetries.
Be part of the global value chain
Electronic goods and components are among the most traded industrial products. For electronic and electrical devices, IEC International Standards and Conformity Assessment Systems are an absolute must. They are the basis for innovation and key for trading internationally.
Energy is key to economic development
Without electricity economic development and international trade are impossible. Countries who want to participate in global value chains need a steady and reliable supply of electricity to build up their infrastructure and economy.
The IEC provides the large majority of technical Standards for electric power generation from coal, gas, nuclear, oil and all renewable energy sources. It also provides the Standards for the transmission and distribution of electricity to cities, buildings, offices and homes where it is used by millions of devices.
I thank you all for your work and your commitment and wish you a fruitful General Meeting.