National Standards Bodies (NSB's) form the global network which make CRT unique among its global partner’s. CRT members shape their national standards body policies through participation and alert their respective authorities to national or international business concerns.
By participating in the work of CRT National Standards Bodies, members can help shape policy decisions which are the backbone of the CRT. National Standards Bodies are composed of professional business experts who give freely of their time to formulate CRT policy and elaborate its rules.They collectively scrutinize proposed policy initiatives affecting their subject areas and prepare plans for submission to the General Assembly for consideration.
General Role
Predominantly the backbone of the CRT, NSB's role are to formulate a number of developmental strategies which support trade and commerce within the region they actively represent. Monthly meetings will follow an agenda to be determined by the chair of the board, ranging from trade policy and local or national rules of law, to development of professional standards for individual or corporate trade entities.
The discussions of the board formulate the strategy which inurn are presented as plausible policy considerations for quarterly General Assembly meetings held in London.
The National Standards Boards are comprised of experts providing expert analysis from varying backgrounds such as financial, judicial, political and high level corporate entities.
This is essential for a number of key reasons, one of the main being each region operates varying laws for trade and commerce, therefore experts within each country are key in assisting the formulation of strategic policy considerations, a prime example being the trade regulations and trading environment of the European Union will vary to the trade regulations and environment of Indonesia or New Guinea.
Areas of Discussion
Even though areas of discussion will vary from region to region, on occasion the General Assembly may well request the necessity of an emergency blanket discussion based on an area of national or international significance, however in general, agendas for discussions will centre around two main areas namely:
- Development of the commercial activities of varying business sectors within the country
- The professional activities of individual brokers and traders
Commercial Business Activity
Development of key sectors are of paramount importance, as a healthy business sector will always equate to improved business activity and growth of income and development of the businesses involved within that sector.
The CRT’s active discussions on development of key sectors are of paramount importance, as a healthy business sector will always equate to improved business activity and growth of income and development of the businesses involved within that sector.
Countries and regions rely on the growth of specific sectors to help their economy, for example tourism, or agriculture. Any number of factors such as social, economic or trade related could negatively contribute towards the slowdown of a particular sector, in which case the CRT will step in to assist at grass roots level through professional analysis and advice to improve any areas that are needed.
If for example indications of a significant reduction of a particular sector in agriculture such as diminished rice production, which in turn could have a negative impact on the overall economic output is identified, the CRT will initiate discussions on why this is occurring and how it can be averted.
Any number of factors ranging from weak marketing, lower demand based on competitor activities, or even internal socio political events to a lower production yield due to the climate or natural developments. Once the actual reason is identified the CRT works within its remit towards providing key solutions towards resolving the issues.
The CRT will utilize the findings of experts on its panel, including advice from external related national and/or international institutions and organizations.
Trader Activity
As the global political and economic climate evolves, so do the rules, trading methodologies for trade. It is imperative that CRT accredited brokers and traders are fully appraised of the globally accepted norms in terms of international business.
Ensuring that with our professional accreditation, the CRT individual traders will always be working to deliver the highest possible standards of process conforming to globally recognized trade activities. In order to achieve this, regular scrutiny of trade policy will be undertaken by the NSB's to ensure that our CRT accreditation is in line with the international recognized standards of trade and commerce.
Should there be a change either politically on a national level, or a global development, the CRT will ensure that all our accredited brokers will be educated updated immediately ensuring that they are always operating towards the highest professional standards.
