Risk, Regulation and International Cooperation - Session 4.3

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Uploaded by on Dec 18, 2008

Better regulation through international
regulatory cooperation
http://www.irr-network.org

Now that the World Trade Organization and free trade agreements have liberalized international trade, non-tariff barriers have emerged as the most significant impediment to international trade and investment. In many cases, regulations remain a key form of non-tariff barrier. In response, many countries have embarked on efforts to improve regulatory cooperation with bilateral and regional trading partners.

The session will identify key governmental and non-governmental actors and their roles. It will provide new insights in the coordination of horizontal and sectoral initiatives and discuss how regulatory impact assessment can determine the extent to which regulation affects international trade and investment. The session will look at consultation processes (e.g. early-alert mechanisms) necessary to facilitate international regulatory cooperation and discuss some examples of successful international regulatory cooperation.

Among the questions to be addressed in this session are: How can international cooperation address regulatory barriers to trade and investment? How can governments facilitate trade and investment by removing unnecessary regulatory differences? How can international regulatory cooperation increase the cost-effectiveness of regulation? How can we develop and implement frameworks for international cooperation?

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