Regulatory standards are very important for international markets. Here’s how they help:

• Keeping Everyone Safe: They create rules to make sure products are safe for people to use.
• Building Trust: When everyone follows the same rules, it helps trading partners feel more confident in each other.
• Raising Prices: Following these rules can be costly, which might make products more expensive for shoppers.

In simple terms, these standards can both block and connect countries when it comes to trade!