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  • 4 - Standards as Regulation

  • Jean-Christophe Graz, Université de Lausanne, Switzerland
  • Book:
    The Power of Standards
    Published online:
    04 July 2019
    Print publication:
    11 July 2019, pp 86-113
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  • Summary

    This chapter looks at the various institutions providing authority to standards as de jure or de facto regulatory instruments governing the internationalisation of services in contemporary capitalism. It provides background on the institutional environment of the WTO, the ISO setting, the European and the American systems, as well as on the prospects of the new generation of preferential trade agreements, such as the Canada–European Union Comprehensive Economic and Trade Agreement (CETA). It shows the intricate and manifold ways in which the ambiguity of the world of standards supports its power across institutional specificities. This not only goes against the view of a compelling transatlantic divide. It also calls for mitigating speculations on the prospects of current and future mega-trade agreements against the setbacks initiated by the Trump administration. With or without deals, the ambiguity on which the authority of standards feeds the regulatory environment of capitalism is here to stay.