APEC Launches Online Regulatory Learning Tool
Inefficient and ineffective regulations can take resources away from people, drive up costs for business, and make economies less competitive and productive, APEC officials have warned in the past. Now, an online platform is available to address this.
A self-paced learning tool that aims to provide regulatory officials in the APEC region with best practices to conduct regulatory impact analysis and in developing regulation impact statements, is now open to accept enrollments. Called the Massive Open Online Course, the online tool targets individuals who are practitioners and those involved in policy-making across the Asia-Pacific region.
"Good regulations deliver fair and functional markets, promote community safety and security and protect the environment," says Acting Deputy Executive Director Tony Simovski of the Office of Best Practice Regulation in Australia's Department of the Prime Minister and Cabinet.
Regulatory impact analysis is a process that examines the likely effects of proposed and existing regulations and non-regulatory alternatives, while a regulation impact statement is a document that describes the issue that has given rise to a need for regulation, as well as potential effects of proposed regulatory measures on the wider community.
This initiative is part of the efforts by APEC to promote structural reforms within the region. These reforms include improvements to institutional frameworks, regulations, and government policies to reduce behind-the-border barriers and promote balanced, inclusive and sustainable growth.
Press-release at the official APEC web-site