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Good Regulatory Practices to Support Small and Medium Enterprises in Southeast Asia

image of Good Regulatory Practices to Support Small and Medium Enterprises in Southeast Asia

Small and medium-sized enterprises (SMEs) can find it challenging to cope and comply with regulations and adapt regulatory changes. Good regulatory practice (GRP) helps create a stable and enabling regulatory environment for investment, trade, and entrepreneurhsip, and thus supports healthy economies and regional competitiveness. This report is the first comprehensive stock-taking of GRP implementation in Southeast Asia to support local SMEs and their integration into global value chains. For each of the ten countries of the Association of Southeast Asian Nations (ASEAN), the report provides examples of GRP tools and approaches in areas such as administrative burden reduction, e-government, regulatory impact assessment, ex post evaluation, and stakeholder consultation. The report also includes an overview of collective efforts pursued at the ASEAN level to promote the GRP agenda across the region.

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Good regulatory practices in Southeast Asia

Governments of the Association of Southeast Asian Nations (ASEAN) recognise the importance of Good Regulatory Practices (GRP) - the use of regulatory impact evaluation, stakeholder engagement and ex post evaluation - for improving the quality of the regulatory environment for businesses, citizens and society. By applying GRP, policymakers can help maintain a stable and enabling regulatory environment that promotes investment, trade and entrepreneurship while limiting or even eliminating unnecessary administrative burden for businesses of all sizes – especially for small and medium enterprises (SMEs) that tend to have weaker adaptive capacity to adapt to changing or complex regulations. To support local businesses in growing and integrating into global value chains, ASEAN governments have initiated various GRP tools and measures aimed at simplifying regulations, reducing compliance costs, assessing regulatory impacts, migrating administrative procedures online, conducting stakeholder consultation and streamlining regulatory requirements. This chapter highlights uses of GRP across the Southeast Asia region.

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