Regulatory reform and competition policy

What's new

To strengthen competition, network-industry regulation needs to adjust further and improve the competitive environment more generally in light of the review currently underway. Welcome efforts to reduce red tape are underway.
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Labour and tax regulations are complex. Infrastructure faces delays due to large burden of regulation, clearances and slow land acquisition. Improving the business environment has potential to boost investment and growth.
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The regulatory framework remains insufficiently supportive of business activity and further progress needs especially to be made in liberalising services. The inefficient and costly judicial system is another impediment to growth.
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