Kuala Lumpur – Malaysia as the 2015 Chair of the ASEAN hosted the ASEAN-OECD Good Regulatory Practices Conference (GRP) to support sustainable and inclusive economic development and to pursue closer regional and international economic integration through transparency and responsive regulations.

The conference is aimed at building a common understanding among ASEAN Member States of the critical role of good regulatory practice in encouraging closer global and regional economic integration on a non-discriminatory basis, and support sustainable and inclusive development.

The Malaysian Government has made GRP a key priority during its Chair of ASEAN in 2015 to reflect the importance of having regional regulatory convergence.

Minister of International Trade and Industry, Dato’ Sri Mustapa Mohamed said that improving efficiency of policy and regulatory processes is one of the key drivers identified to enhance productivity among ASEAN Member States.

“This will substantially reduce the regulatory burden on businesses by improving the quality of existing regulations and ensuring the quality of new regulations”, he said.

“The implementation of Good Regulatory Practice is systemic, involving both top-down and bottom-up engagement. The emphasis is on transparency and accountability through public consultation and engagement with stakeholders and parties that will be affected by the changes, or introduction, of regulations and policies.”

“The success of public-private sectors collaboration in implementing regulatory reforms is reflected in Malaysia’s positive performance in the World Bank Doing Business 2015 report, where Malaysia is ranked 18th for the ease of doing business among 189 economies.” He said during his speech at opening of ASEAN-OECD Good Regulatory Practices Conference 2015.

Dato’ Sri Mustafa also launched the OECD Report, “Implementing Good Regulatory Practice in Malaysia”. The report highlights Malaysia’s achievement in the first 15 months of implementation of National Policy on the Development and Implementation of Regulations (NPDIR).
Last updated on : 2015-03-11 16:23:51

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