One interesting point to mention however: will every country adopt this global standard (assuming you believe a global standard will occur)? I feel it is likely that even if there is a global standard created, some countries will decide not to recognize it, or worse (depending who you ask), require that you conform to both the country’s regulation and the global regulation. If a global regulation standard is created, will this mean the end of country specific regulation or would the two exist in the same time? (I think the latter). I’m interested to hear other views about this!