ASEAN, OECD countries to discuss “peer review” as mechanism for co-operation

11/01/2007 - Policymakers from Southeast Asian and OECD countries will meet in Jakarta on 23-24 January 2007 to discuss the role and utility of the ‘peer review’ mechanism which is at the heart of the OECD’s working methods, with a view to providing direction for policy reform and enhanced international co-operation.

This “First OECD – Southeast Asia Regional Forum” is designed as a kick-off for further discussions and closer co-operation between the countries in the region and the 30 member countries of the OECD. The event is organised by OECD, hosted by the Indonesian government, and held in co-operation with ASEAN Secretariat and Asian Development Bank. 

Peer review arrangements require participating countries to agree, among other things, on a range of issues relating to measures, standards and practices. Under the OECD system participating countries review each other’s policies and performance and monitor implementation of and compliance with agreed measures. Where countries fall short, they come under pressure from their peers to take action to meet requirements.

Founded in 1960, the OECD has long experience in practising peer reviews in areas which may be relevant to Southeast Asian governments, from economic policy and competition policy to regulatory reform, foreign investment and corporate governance.

For further information, please contact Mr. Kensuke Tanaka at the OECD.