Text taken from the UL link above ...
The impetus for this effort, according to UL, is a recognition that companies seeking to establish a presence in multiple overseas markets sometimes need as many as 20 separate safety certifications for a single product, a requirement that "can cost as much as $8,000 per safety mark per product.
And so an fresh made multimeter , needs 20 X 8000 = 160.000$ for any Safety approval world wide.
Interesting !!
Now it makes sense ... why the Chinese they had form the CCC, their own Safety approval protocol .
Those people , they was exporting until "yesterday" their own money, in to a foreign country just for an Safety approval.
The same mess , because it is a mess , was happening to Europe , before the European Union,
and Germany was the only one who was taking advantage of the merchandise called as "Safety approval".
And my point are, that all this bureaucracy and egoistic financial interests,
had cause an major damage in our industry worldwide.
American and European and global .
We need the " Safety approvals " , but currently this system works against any new attempt for products production ..
And this conclusion by it self , its the new message , that all those needs to be changed,
because it works against productivity = new manufacturers = New Jobs
Years back there was small business , small companies , that they was had small production,
of hand-made high quality tools.
This model of business, it must revive again ..