17 June 2021, Webinar
The OECD, along with the IDB and the Ibero American and the Caribbean Network on Regulatory Policy, held the webinar Challenges for the International Regulatory Co-operation to face the economic recovery post COVID-19. Gaston Fernandez (Ministry of Foreign Relations of Chile), Pedro Farias (IDB) and Daniel Trnka (OECD), opened the floor. The three speakers highlighted the importance of developing long-term vision regulations that reflect an international response to the global challenges, and that promote a more inclusive and sustainable recovery for the region.
The webinar included two technical sessions focused on innovative topics on regulatory policy. In Session 1, Marianna Karttunen, policy analyst at the OECD Regulatory Policy Division, spoke about the importance of International Regulatory Co-operation (IRC) as a tool to develop of public policies and regulations. IRC helps governments close the gap between the development of regulations at the domestic level and the global challenges that we are currently facing. In particular, Ms Karttunen presented the Best Practice Principles on International Regulatory Co-operation, which can be grouped under three pillars: Establishing the IRC strategy and its governance, embedding IRC throughout the domestic rulemaking, and co-operating internationally (bilaterally, plurilaterally and multilaterally).
In Session 2, Alex Hunt from the Office of Information and Regulatory Affairs from the United States (OIRA), presented the Biden administration approach to the evaluation of regulatory impacts. The regulatory policy tools should adapt and evolve to take into account the potential impacts of rules on vulnerable groups, the environment, and welfare, among others. The modernisation of regulatory impact assessment to quantify benefits that are intangible or difficult to quantify is an important challenge for OIRA, and in general, for regulatory oversight bodies in all countries.
The Ibero American and the Caribbean Network on Regulatory Improvement fosters the co-operation and the exchange of good practices on regulatory policy with the objective of strengthening the design and implementation of high-quality regulations in the region. The Network comprises Argentina, Brazil, Chile, Colombia, Costa Rica, the Dominican Republic, Ecuador, El Salvador, Mexico, Peru, Portugal, and Spain and has the support from the OECD and the IDB, acting as the technical Secretariat.
More information on regulatory policy in Latin America and the Caribbean and to learn more about the OECD's work on the COVID-19 pandemic, please visit:
OECD Regulatory Policy Division for Mexico and Latin America @OCDE_RLAC
Gloriana Madrigal, Economist Jr., OECD Regulatory Policy Division