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STANDARDS AUSTRALIA (See also ISO and AUSTRALIAN STANDARDS) - Means the peak non-government organisation recognised by the Commonwealth Government to meet Australia’s need for contemporary, internationally aligned Standards and related services. Standards Australia was founded in 1922 and was originally known as the ‘Australian Commonwealth Engineering Standards Association’. Standards Australia received a Royal Charter to develop Standards in the national interest in 1950. Standards Australia has a policy of adopting International Standards wherever possible. This policy is in line with Australia's obligations under the World Trade Organisation's Code (WTO) of Practice, which requires the elimination of technical Standards as barriers to international trade. As a result approximately 33% of current Australian Standards are fully or substantially aligned with International Standards. Areas of industry where no significant International Standards exist include building, construction and occupational health and safety. Around one third of Australian Standards simply have no international equivalent. Source: Standards Australia website at www.standards.com.au Australia is a signatory nation to the Marrakesh agreement in Morocco in 1994 which developed out of the General Agreement on Tariffs and Trade (GATT). The agreement is designed to remove technical barriers to trade between nations. The practical effect of this agreement is that products meeting standards from other WTO member nations are allowed to be imported and used in Australia.