Following its meeting in Hamburg, Germany, on July 7-8, the Group of Twenty (G20) released a declaration that includes a positive reference to industry-led international standards.
The G20 Leaders' Declaration: Shaping an interconnected world outlines several common goals and objectives for the world's major economies.
On page 5 of the declaration, the section titled "Harnessing Digitalisation" states that G20 economies will "encourage the development and use of market- and industry-led international standards that are based on the principles of openness, transparency and consensus."
As coordinator of the U.S. standardization system, the American National Standards Institute (ANSI) supports this statement, which embraces the importance of globally relevant standards that are developed in accordance with the principles outlined in the World Trade Organization (WTO) Technical Barriers to Trade (TBT) Agreement (e.g. openness, transparency, consensus, impartiality, etc.).