👉 The World Trade Organization (WTO) Engineering Agreement, formally known as the Agreement on Technical Barriers to Trade (TBT), is a multilateral trade agreement that aims to ensure that technical regulations, standards, and conformity assessment procedures do not create unnecessary obstacles to international trade. It seeks to promote transparency, consistency, and non-discrimination in the implementation of technical regulations across member countries. The agreement requires that these regulations be based on international standards where feasible, serve legitimate objectives such as protecting health, safety, and the environment, and be applied in a transparent and non-discriminatory manner. By harmonizing technical requirements, the TBT Agreement facilitates smoother international trade in engineering products and services, reducing costs and administrative burdens for businesses while maintaining high standards of safety and quality.
