Labour standards facilitate international trade and there are international regulations to secure this. Is this statement TRUE?

Comprehensive and Detailed Explanation From Exact Extract of Documents:

The correct answer is that labour standards vary from country to country. According to the L5M5

study guide (p.85), while international conventions exist (e.g., ILO conventions), there is no single

binding international law regulating labour standards across all nations. Instead, each country

enforces its own rules regarding wages, hours, and working conditions. Some countries have strict

protections, while others may have weak or poorly enforced standards. Therefore, procurement

professionals must apply due diligence and supplier audits when sourcing internationally, as ethical

risks arise in jurisdictions with lower labour protections.

📖Reference: Managing Ethical Procurement and Supply (L5M5) Study Guide, p.85