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.




Thailand is reforming its regulatory environment to help facilitate the growth of businesses in the country. Since 2017, the government has focused on reducing administrative burdens to improve the business environment by improving the licensing process and developing online platforms to further facilitate e-commerce. In 2017, the Thai government has committed to improving the regulatory process in its revised constitution. Thailand has also developed a new 4.0 Strategy aimed at transforming the country into a first world nation with the development of future industries. To help small and medium-sized enterprises (SMEs) link up with global value chains (GVCs), the government has established dedicated industry clusters to support the growth and development of priority industries domestically and abroad.


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