APEC Principles To Enhance Competition And Regulatory Reform

APEC Principles to Enhance Competition and Regulatory Reform in Global Commerce Policy

In this regard, apec principles to enhance competition and regulatory reform is: a non-binding set of five principles adopted in Auckland in 1999. The principles are: (1) non-discrimination (competition and regulatory principles not to discriminate between economic entities, whether these are foreign or domestic), (2) comprehensiveness (broad application of the principles to goods and services, and private and public business activities), (3) transparency in policies and rules, (4) accountability (clear responsibility within domestic administrations for the implementation of the competition and efficiency dimension in the development and administration of policies and rules), and (5) implementation (take, inter alia, practical steps to promote consistent application of policies and rules, eliminate unnecessary rules and regulatory procedures, and improve the transparency of policy objectives).[1]

APEC Principles to Enhance Competition and Regulatory Reformin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “APEC Principles to Enhance Competition and Regulatory Reform” entry (OAS)

See Also