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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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Lao PDR

Regulatory reform in Lao PDR in recent years has been accelerated by the country’s accession to the World Trade Organization in 2013 and by ongoing regulatory developments in the Association of Southeast Asian Nations (ASEAN) Economic Community. Lao PDR has already adopted a number of good regulatory practices, including mandatory regulatory impact assessments and stakeholder engagement in the development of new regulations. The government also recognises the importance of reviewing existing regulations on a regular basis, as stipulated in its regulatory impact assessment (RIA) guidelines. In order to align Lao’s regulatory processes with regional single market objectives and to facilitate greater Lao participation in global value chains, a significant amount of new regulations is expected to be developed in the coming years. This offers opportunities for Lao PDR to introduce regulatory policies and processes that complement or comply with regional and international standards.

English

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