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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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The context of international regulatory co-operation policies and practices in Mexico

Mexico’s active efforts to embrace globalisation are reflected in many aspects of its domestic policies, practices and institutions. It has introduced international considerations into its domestic rule-making procedures and uses a variety of ways to co‑operate internationally. This chapter sets the legal and institutional context in which international regulatory co-operation (IRC) takes place in Mexico. To do so, it gives an overview of Mexico’s regulatory actors and instruments, describes the regulatory instruments subject to IRC, the main legislative and policy documents that encourage or require IRC, and the institutions that are involved in co-ordinating and overseeing IRC efforts in Mexico.

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