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Review of International Regulatory Co-operation of Mexico

image of Review of International Regulatory Co-operation of Mexico

International regulatory co-operation (IRC) represents an important opportunity for countries, and in particular domestic regulators, to consider the impacts of their regulations beyond their borders, expand the evidence for decision-making, learn from the experience of their peers, and develop concerted approaches to challenges that transcend borders. This report provides the first OECD assessment of a country’s IRC framework and practices. Mexico’s active efforts to embrace globalisation are reflected in many aspects of its domestic policies, practices and institutions. On one hand, it has undertaken unilateral efforts to embed international considerations in its domestic rule-making through regulatory improvement disciplines and with the consideration of international standards in the drafting of technical regulations. On the other hand, the Mexican government and individual regulators also engage extensively in co-operative efforts on regulatory matters, at the bilateral, regional and multilateral level. Based on the overview of Mexico’s practices and comparison with other OECD countries, the review recommends three areas for improvement: designing a horizontal government-wide strategy for IRC, enhancing information about the tools and benefits of IRC, and offering the necessary tools to support systematic implementation of IRC.

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Co-operative international regulatory co-operation efforts: how Mexico engages internationally on regulatory matters

In a largely globalised and highly integrated world economy, co-ordination between countries on regulatory matters is essential to tackle the challenges that cross borders and achieve a coherent and effective regulatory response at least costs for business and citizens. International regulatory co-operation (IRC) provides the opportunity for countries to develop common regulatory positions and instruments with their peers. This chapter gives an overview of Mexico’s efforts to co-operate internationally on regulatory matters, be it bilaterally, regionally or multilaterally. It highlights the regulatory co‑operation efforts that have resulted from high economic incentives, often with high‑level political traction as is the case with the High Level Regulatory Cooperation Council, trade agreements, or mutual recognition approaches. The chapter also acknowledges the numerous co-operation efforts undertaken in a variety of different sectors by line ministries and regulators. Often in the form of voluntary Memoranda of Understanding or participation in various different types of international bodies, information about these efforts tends to be more fragmented.

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