Regulatory reform in Southeast Asia
25 March 2014
The OECD is developing a work programme focusing on Southeast Asia to foster the exchange of good practices and mutual learning between policy makers in the region and OECD countries, and bring perspectives from the region to enrich the policy debate at the OECD.
As part of this programme, the OECD Southeast Asia Regional Forum focused on the role of regulatory reform for ASEAN connectivity and economic integration. High-level speakers from Southeast Asia and OECD countries discussed the linkages between regulatory reform, trade and investment.
Senior ASEAN and OECD government officials, as well as international and regional experts, discussed approaches and shared their experiences in regulatory reform.
Regulatory policy supports economic growth and serves the public interest in ASEAN and OECD countries. Regulations allow the proper function of economies and societies. Regulations create the "rules of the game" for citizens, business, government and civil society. They underpin markets and their integration, protect the rights and safety of citizens and ensure the delivery of public goods and services.
Getting regulation right
Regulations do not come without a price. Red tape can hold back competitiveness, design and enforcement requires resources, and regulations may also need to be revised. To help get regulation right, in 2012 the OECD issued a Recommendation on Regulatory Policy and Governance. The Recommendation provides guidance on implementation and advancement of regulatory reform to deliver regulations that meet policy objectives that create a positive impact on the economy and society.