MANILA-- The Philippines is pushing for initiatives to implement regulatory reforms for improving business environment, which is a key to economic growth, as it hosts the third meeting of the Southeast Asia Regional Policy Network on Good Regulatory Practices (GRPN) this March 14 to 16 in Iloilo City.
The National Economic and Development Authority (NEDA) identified the initiatives as modernizing government regulatory processes, institutionalizing regulatory management system, enhancing Project Repeal, institutionalizing Regulatory Impact Assessment (RIA) within government, and pursuing legislative agenda on regulatory reform and seamless service delivery.
The Project Repeal seeks to eliminate outdated regulations, including legislation, that impose unnecessary burden on business firms.
The country believes that these initiatives are imperative as the GRPN focuses on analyzing the trade, investment and regulatory policies that may help spread the gains from the growing internationalization of small and medium-sized enterprises (SMEs).
"This is of particular interest to NEDA since we are initiating the institutionalization of a government-wide good regulatory management system," it said.
The NEDA spearheads the institutionalization of RIA in Philippine regulation-making. RIA involves assessment and quantification of costs and benefits of a proposed regulation and its possible alternatives.
The GRPN carries the theme "Fostering Connectivity and Regional Competitiveness through Good Regulatory Practices."
The meeting is aimed to provide a platform for Association of Southeast Asian Nations (ASEAN) and Organisation for Economic Cooperation and Development (OECD) countries to discuss and share experiences in undertaking GRP.
The GRPN is currently co-chaired by Malaysia and New Zealand and composed of senior officials responsible for regulatory reform in Southeast Asia and OECD nations.
NEDA Undersecretary Rosemarie Edillon and NEDA Asst. Secretary Carlos Bernardo Abad Santos will participate in the GRPN meetings.
NEDA Director General Ernesto Pernia is scheduled to grace the opening program and host a welcome dinner on March 14.
ASEAN groups 10 countries -Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.
Source: Philippines News Agency