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International Regulatory Co-operation and International Organisations

The Cases of the OECD and the IMO

image of International Regulatory Co-operation and International Organisations

The world is witnessing the progressive emergence of an open, dynamic, globalised economy, and the intensification of global challenges such as systemic risks, environmental protection, human health or safety. Against this background, governments are increasingly seeking to ensure greater co-ordination on regulatory objectives, processes and enforcement and to eliminate unnecessary regulatory divergences and redundancies. International regulatory co-operation (IRC) represents a critical opportunity to foster sustainable and inclusive growth through lower barriers to international flows and better rules of the game for all. It is real but remains largely untapped. This publication presents findings and two case studies from an April 2014 meeting on the role of international organisations in IRC, as well as a contribution from K. W. Abbott, on International organisations and international regulatory co-operation: Exploring the links.

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The role of the Organisation for Economic Co-operation and Development

The Organisation for Economic Co-operation and Development (OECD) is an intergovernmental organisation which serves as a forum for information exchange, policy dialogue, and co-ordinated action between countries on a wide range of policy issues. The OECD fosters regulatory co-operation in a wide range of policy areas by providing a platform for policy makers to exchange experience and, if appropriate, set standards through the adoption of legal instruments or other policy guidance. This case study describes how the OECD supports international regulatory co-operation – the context where regulatory co-operation is taking place, its main characteristics, its impacts, successes and challenges.

English

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