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Technical Regulations and Standards

Answers to test questions and links to explanations

Home > Teaching Business English > Business English Lessons, Advanced Level # 428

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Technical regulations and technical standards acting as non-tariff trade barriers are increasing dangers that developing countries must take seriously, because they can impact on economic efficiency and considerably restrain trade growth.

Correct answer: (a) impact

Meaning of business term impact
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technical regulations and standards, lending credit vocab impact, deterrence, what does impact mean?

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There is an increasing awareness of the potential deterrence to trade presented by differences in national technical regulations and standards, and a lack of awareness of the effect that choice of standards might have.

Correct answer: (d) deterrence

Meaning of business term deterrence
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As to most of the regulations and standards which are not yet in accord internationally, the optimal choice for developing countries is to adopt those already used by their major trading partners instead of elaborating their own indigenous standards.

Correct answer: (a) indigenous

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Developing countries should act more forcefully in this arena: a more active and concerted participation in the international standardizing bodies would ensure that new adoptions more closely reflect their needs.

Correct answer: (c) concerted

Meaning of business term concerted
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lending credit vocab securities, direct, straight-line, what does concerted mean?

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If private sector firms participated more actively in the standardization process in the case of voluntary or non-mandatory standards, it would probably ensure that this happens de facto.

Correct answer: (a) facto

Meaning of business term facto
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Compliance with a requirement to create a national viewpoint would encourage officials of developing countries to put into practice a system of national standards information gathering which would benefit both local and foreign producers and exporters.

Correct answer: (d) practice

Meaning of business term practice
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Collecting and systematizing this information would also oblige countries to become more aware of the choices regarding standards development which they make and impose on their private sector.

Correct answer: (c) oblige

Meaning of business term oblige
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In terms of trade facilitation and liberalization, developing countries should push actively for more liberalization in the two major regional integration initiatives, the FTAA and APEC.

Correct answer: (b) push

Meaning of business term push
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This is because two major experiments in regional integration, NAFTA and the EU, have shown results that go much further in requiring convergence or harmonization of national standards and technical regulations.

Correct answer: (c) convergence

Meaning of business term convergence
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In general, regional approaches to removing technical trade barriers have contributed to liberalization within the region and also vis-a-vis third countries.

Correct answer: (d) vis-a-vis

Meaning of business term vis-a-vis
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taxes terms articulating, penetrated, augmenting, spectrum, what does vis-a-vis mean?

Business English Tests — several topics are covered: office matters, job applications, computer English, money expressions, business law, operations management, retail marketing, e-commerce, accounting terms, contracts and agreements, commercial correspondence, etc.
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Lending credit vocab impact, deterrence

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EFL/ESL Links: The Foreign Corrupt Practices Act • Business vocabulary intermediaries, conspire • The Foreign Corrupt Practices Act (Answers) • Retirement words questionable, discharged, bring • Unitholders • Dividends words living, symbol, lending, long, service • Unitholders (Answers) • Real estate words master, non-performing, ordinary, due, prime • Financing Your Business • Brokerages term itemized, smokestack, holding, gamma, ex • Financing Your Business (Answers) • Mutual funds terms debt, performance, smart, in, covenant • Canadian Retirement Planning • Ipos terminology yield, consensus, employed, fishers • Canadian Retirement Planning (Answers) • Mergers acquisitions words rrsp, reform, valorem • A Mosaic of Information • Law estate terms inheritance, reserve, coverdell, assurance • A Mosaic of Information (Answers) • Lending credit vocab securities, direct, straight-line • Distribution Compliance Period • Currency vocab restricted, clear, balloon, perfecting • Distribution Compliance Period (Answers) • List of bonds words issue, litigate, married, mean • Retail Sales Phrases • Banking term list receipt, by, at, at butcher • Retail Sales Phrases (Answers) • Accounting terminology window shopper, many, smaller • ESL test: Technical Regulations and Standards • Law estate terms vis-a-vis, convergence, push • ESL Audio Online - English MP3 - English Pronunciation

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