Closing Speech by YBhg. Tan Sri Rebecca Fatima Sta Maria
Secretary General, Ministry of International Trade and Industry, Malaysia

FORUM ON REGULATORY REFORM RESPONSES TO ECONOMIC CHALLENGES

Thursday 17 December, 2015
Kuala Lumpur, Malaysia

Mr. Jaeho Moon,
Counselor, the Permanent Delegation of the Republic of Korea to the OECD, Korea

YBhg. Dato’ Mohd Razali Hussain,
Director General,
Malaysia Productivity Corporation (MPC).

Dr. Ponciano S. Intal, Jr.,
Senior Economist,
Economic Research Institute for ASEAN and East Asia (ERIA).

Mr. Mark Steel,
Director, Regulatory Systems, Office of the Chief Executive,
Ministry of Business, Innovation and Employment, New Zealand.

Distinguished Speakers

Representatives from the OECD and ASEAN

Ladies and Gentlemen

1. Good Afternoon. We have come to the end of the forum. I would like to take this opportunity to express my appreciation to the OECD, MPC and the Permanent Delegation of the Republic of Korea to the OECD.

2. I also thank Mr. Jaeho Moon and Dr. Ponciano S. Intal, Jr. for your support and the speakers, moderators, facilitators and participants for your contributions towards the success of this forum.

3. I believe this forum has provided an opportunity for all participants to increase mutual understanding and share their strategies to address economic challenges.

4. I would like to briefly summarise what we have achieved in our discussions at this forum. Session 1 provided opportunities for participants to share their experiences with other countries. In Session 2, we explored avenues for change in the wake of challenges. The final session presented recent practices of selected countries in responding to economic challenges, focusing primarily on innovative practices for regulatory reform.

Ladies and Gentlemen,

5. The significance of GRP at the policy level has also been recognised in the ASEAN Policy Guideline on Standards and Conformance. GRP supports the integration of ASEAN economic and regulatory coherence, and provides a means towards greater connectivity, better public service delivery, inclusiveness and sustainable growth.

6.In this context, the end of the forum is only the start of our work together. I trust we will maintain the momentum for reform as we seek to build the inclusive and sustainable future for the people of ASEAN.

7. On that note, I am pleased to declare the Forum on Regulatory Reform Responses to Economic Challenges officially closed. I wish you the very best in your endeavours and look forward to our future engagements.

Thank you, enjoy the rest of your evening, and have a safe and pleasant journey home.

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