In the coming years, developing countries will be facing intense competition that they have not known before. For developing countries which were not currently significant amounts of export, will become even more difficult to enter or remain in global markets. Major international buyers are sourcing from a country where only a few companies serve the global market.
ISO standards are considered as one of the ways to promote social development and environmental sustainability in global value chains. A company may decide to adhere to a very ambitious code of conduct and use it to his advantage in the negotiations with a competitor of the retail, but most enterprises in developing countries do not have many tangible information available on what is facing them.
ISO standards can offer producers who are trying to find valuable business with key buyers and retailers with tools to make them contenders. When trading with global buyers, national and regional standards and technical regulations, a company must now comply with internationally recognized standards that are, in essence, imposed by the larger retailers.
In some cases, there may be too many codes of conduct and standards; Some contain a wide variety of provisions that may be incompatible, which can occur from barriers to trade. That said, many codes of conduct and standards contain a number of common elements, such as assurance of quality, environmental management and workers rights.
ISO standards can help SMEs in developing countries as they are usually established to ensure the quality and safety of products, but also often to ensure decent working conditions in factories. This is regarded as a positive development, encouraging SMEs in the developing countries to implement policies socially responsible (companies) and sustainable workplace.
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