Regulatory reform is a cross-cutting theme for ASEAN economic integration and regulatory coherence, as well as for individual ASEAN member state’s structural and rule of law reforms.
Regulations are indispensable to the proper functioning of economies and societies. They underpin markets and their integration protects the rights and safety of citizens and ensures the delivery of public goods and services. However, regulations are not costless. Businesses complain that red tape holds back competitiveness while citizens complain about the time that it takes to fill out government paperwork. Regulations can also have unintended costs if they become outdated or inconsistent with the achievement of policy objectives. Read more.
The OECD has a longstanding engagement with Southeast Asia on regulatory reform, both regionally through APEC and ASEAN and bilaterally with individual ASEAN member states. Highlights of this engagement include:
This work supports the OECD Southeast Asia Regional Programme that was launched on 6 May 2014. The programme aims to bring the relationship of the OECD and Southeast Asian countries to a new, more strategic level, support domestic reform processes and contribute to regional integration initiatives. Partnership and enhanced regional integration are key to supporting long-term growth prospects by investing in people, education and vocational training, empowering women, and ensuring that policies are in place making the most of talent of the workforce. Read more.
For more information, please contact Faisal Naru.
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