In a globalised economy, regulation is no longer an exclusively domestic matter. Regulations are increasingly applied by supra-national bodies and require international regulatory cooperation. There are also gaps in regulatory coverage and oversight, exposing countries to risks. Differences in national regulations and their management, affecting consultation, administrative burdens and compliance, affect the flow of goods and capital. Finally, the policy response to global issues such as climate change, and the safety of services traded internationally, call for better regulatory management.
Below is a summary of the Regulatory Policy Committee’s work with non-OECD member countries:
Regulatory quality issues are also part of the work of SIGMA