Project Title

17th Conference on Good Regulatory Practice (GRP 17)  

Project Year

2024   

Project Number

EC_103_2024A 

Project Session

Session 1   

Project Type

Standard 

Project Status

Project in Implementation   
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Project No.

EC_103_2024A 

Project Title

17th Conference on Good Regulatory Practice (GRP 17)  

Project Status

Project in Implementation 

Publication (if any)

 

Fund Account

APEC Support Fund 

Sub-fund

ASF: Enhanced APEC Agenda on Structural Reform (EAASR) 

Project Year

2024 

Project Session

Session 1 

APEC Funding

130,480 

Co-funding Amount

Total Project Value

130,480 

Sponsoring Forum

Economic Committee (EC) 

Topics

Legal Infrastructure; Structural Reform 

Committee

Economic Committee (EC) 

Other Fora Involved

 

Other Non-APEC Stakeholders Involved

 

Proposing Economy(ies)

Peru 

Co-Sponsoring Economies

Canada; Chile; Malaysia; New Zealand; United States 

Expected Start Date

01/07/2024 

Expected Completion Date

28/02/2025 

Project Proponent Name 1

Rafael A. Vera Tudela Wither 

Job Title 1

Director, Regulatory Efficiency for Productivity and Competition 

Organization 1

Ministry of Economy and Finance 

Postal Address 1

Not Applicable 

Telephone 1

+51 997 922 430 

Fax 1

Not Applicable 

Email 1

rveratudela@mef.gob.pe; rafael.veratudela@nyu.edu 

Project Proponent Name 2

Krizia Herrera 

Job Title 2

Specialist - Public Policies on Competitiveness / Expert in International Economics Affairs 

Organization 2

Ministry of Economy and Finance 

Postal Address 2

Not Applicable 

Telephone 2

+51 986642129 

Fax 2

Not Applicable 

Email 2

kherrera@mef.gob.pe 

Declaration

Rafael A. Vera Tudela Wither 

Project Summary

Peru will organize APEC’s 17th Conference on Good Regulatory Practices (GRP17), standing on the shoulders of a long tradition of GRP Conferences in APEC and keeping in mind the progress on with the GRP Blueprint, in order to continue building knowledge and capabilities on best regulatory practices in APEC Economies. 

GRP17 will focus on APEC 2024’s theme: “Empower. Include. Grow” and the priority “Innovation and digitalization to promote transition to the formal and global economy”, recognizing that GRPs are keys elements to improve competition, productivity and competitiveness as means to achieve sustainable growth and human development.  In this framework, GRP17 will address strategies, tools and practices on regulatory policy in order to motivate the transition from the informal to the formal and global economy. 

GRP17 will be a two-day conference organized in Lima, Peru on the margins of EC2/SOM3 in August 2024, gathering regulatory officials, international organization representatives, and private sector participants from APEC economies.

Relevance

Eligibility and Fund Priorities

The project supports the priorities of the APEC Support Fund – Sub-Fund on the Enhanced APEC Agenda for Structural Reform (EAASR).By learning about best practices in applying GRPs, economies will be assisted in implementing their IAPs generally, and specifically for initiatives in IAPs that relate to the transition from the informal to the formal economy.

Under the EC as the responsible committee, GRP17 will be the platform for economies and international bodies to share experiences and lessons learned on GRP to enhance regulatory policies, tools and practices in our economies so as to build more


Capacity Building

GRP17 will provide capacity building among APEC members through sharing best regulatory practices, including discussions with regulatory experts and interactive sessions focusing on contributions to the transition of economic agents from the informal to the formal economy in the following areas:

i)  Lessons learned on the impact of regulatory quality on productivity, competitiveness and formal economy.

ii)  Regulatory reform and core GRPs to promote firm and labor transition to the formal and global economy

iii)   Institutional pillars and governance models to ensure an effective whole-of- government approach to using regulatory policy to facilitate the transition to the formal economy.

iv)   Best practices on early planning and public consultation in rulemaking to engage relevant stakeholders, particularly those that have inadequately participated in this process.

v)  Value of GRPs in addressing implementation, enforcement and review of existing regulations that may inhibit the transition to the formal economy.

vi)   Technology tools and innovative resources that promote international regulatory cooperation aimed at facilitating the transition to the formal economy.



Objectives

GRP17’s main objective is focused on how core GRPs are fundamental in designing and implementing policies that promote the transition from informal to the formal economy. Building on the achievements of former GRP Conferences, GRP17 has as key specific objectives:

-Share experiences among APEC members on the role of regulatory quality to promote competition and productivity, encouraging the transition to the formal economy.

-Promote greater reliance on GRPs to enhance regulatory governance and improve the regulatory lifecycle.

-Increase capacity among regulatory officials in the implementation of GRPs to respond to emerging regulatory challenges.

Alignment

APEC

GPR17 will be organized by the Economic Committee (EC) to support the goals of APEC PV 2040, focusing on PV2040 drivers: “Innovation and Digitalization” and “Strong, Balanced, Secure, Sustainable and Inclusive Growth”; specifically through APA objectives: “Structural reforms and innovation” (“We will pursue structural reforms and sound economic policies to promote innovation as well as improve productivity and dynamism”) and “Economic resilience and health & wellbeing inclusiveness” (“Foster quality growth that brings palpable benefits and greater health and wellbeing to all, including MSMEs, women and others with untapped economic potential”), respectively.

Relying on the APA statement “Sharing experiences and best practice to promote inclusiveness and quality of life, including through: promoting structural reform to remove barriers to economic participation; encouraging the transition of economic actors from the informal to the formal economy; and data analysis”, GRP17 will contribute by sharing knowledge of and experiences with GRPs among APEC economies in order to boost structural reforms pursuing high-quality regulations to promote formal economy and sustainable growth.

In this framework, GRP17 aligns with the 2021, 2022 and 2023 APEC Leaders’ Declarations that support the transition of economic actors from the informal to the formal economy as well as the La Serena Roadmap for Women and Inclusive Growth (2019-2030) and APEC Business Advisory Council letter to U.S. Chair APEC Finance Ministers Meeting that recognizes the importance of strengthening a formal economy among APEC economies.

Forum

The project aligns with the overall function of EC, which is to support an open, dynamic, resilient and peaceful Asia-Pacific community, including on the basis of the following pillars:

-  Creating an enabling environment for open, transparent and competitive markets.

-  Boosting business recovery and resilience against future shocks.

-  Ensuring that all groups in society have equal access to opportunities for more inclusive, sustainable growth, and greater well-being.

GRP17 will continue a cross-functional collaboration between SOM Steering Committee on Economic and Technical Cooperation (SCE) and the EC on transition to the formal and global economy issues, contributing to further discussions on APEC 2024 theme “Empower. Include. Grow” and specific priority “Innovation and digitalization to promote transition to the formal and global economy”. This Conference is also in line with the work of the Sub-Committee on Standards and Conformance (SCSC), where SCSC and the EC have been the alternating hosts for the GRP conferences annually. In addition, this work will keep in mind the progress on the Blueprint for Advancing Good Regulatory Practices in the APEC Region, which was endorsed by the SCSC and noted by Ministers in 2023.



TILF/ASF Justification

Not Applicable.

Beneficiaries and Outputs

Outputs

1)  GRP17 Conference

Carry out the GRP17 Conference with an estimated attendance of 70 pax, to be held in-person during a two-day event on the margins of APEC SOM 3 in Lima, Peru. 

The conference will gather regulatory policy experts and regulatory decision-makers from APEC and relevant organizations from the academy and both the private and public sectors. 

The draft agenda includes sessions on: i) Impact of regulatory on productivity, competitiveness and formal economy; ii) Regulatory reform and core GRPs to promote transition to the formal and global economy; iii) Institutionality and governance models to ensure an approach to using regulatory policy to facilitate the transition to the formal economy; iv) GRPs on early planning and public consultation in rulemaking to engage relevant stakeholders; v) Value of GRPs in addressing implementation, enforcement and review of existing regulations that may inhibit the transition to the formal economy; vi) Technology tools and innovative resources that promote international regulatory cooperation; as well as vii) interactive activities on GRPs to promote the transition to the formal economy. 

To do so, the agenda considers speakers / moderators from a wide array of APEC economies and institutions (up to 4 experts per session). It should be noticed that some speakers will be self-funded, and some will participate in more than one session. With the purpose of facilitate interaction among participants and pursue a balance with lecture-style sessions, interactive activities are also considered.

Please, see a draft agenda below (as of 01/07/2024): 17th Conference on Good Regulatory Practices

19th – 20th August 2024 / Lima Convention Center - Lima, Peru Draft Agenda*

August 19

8:30 – 9:00 am Registration and Arrival 9:00 – 9:10 am Welcome Remarks

9:10 – 9:30 am Opening Session: Regulations, Formal Economy and Development

Session 1

9:30 – 11:00 am: Impact of regulatory quality on productivity, competitiveness and formal economy

11:00 – 11:30 am Coffee Break

Session 2

11:30 – 1:00 pm: Institutionality and governance models to ensure an approach to using regulatory policy to facilitate the transition to the formal economy

1:00 – 2:30 pm Lunch

Session 3

2:30 – 4:00 pm: GRPs practices on early planning and public consultation in rulemaking to engage relevant stakeholders

4:00 – 4:30 pm Coffee Break

Session 4

4:30 – 6:00 pm: Value of GRPs in addressing design, implementation, enforcement and review of existing regulation that may inhibit the transition to the formal and the global economy

6:00 pm End of Day 1 

August 20

8:30 – 9:30 am Registration, Arrival and Welcome Remarks Session 5

9:30 – 11:00 am: Technology tools and innovative resources that promote international regulatory cooperation

11:00 – 11:30 am Coffee Break

Session 6

11:30 – 1:00 pm: Breakout Session-Analyzing the Benefits and Costs of Regulation

1:00 – 2:30 pm Lunch

Session 7

2:30 – 4:00 pm: Regulatory reform and core GRPs to promote the transition to the formal and global economy: Lessons learned on the impact of regulatory quality on the formal economy and competitiveness 4:00 – 4:30 pm Coffee Break

4:30 – 5:30 pm Interactive Closing Session: GRP17 Balance and Challenges

5:30 pm End of Day 2 

*/ Preliminary (as of July 1st, 2024).

2) Conference Summary Report and Lessons Learned on GRP and the Formal Economy

Elaborate a GRP17 summary report, approximately fifteen pages in length excluding annexes, to include executive summary, highlights of topics areas covered during the conference as well as lessons, recommendations and identified challenges for APEC economies. The Conference Summary Report will be published as APEC Publication.

3) Post-Conference Survey

Circulate a post-conference survey to all APEC economies to identify lessons learned, as key information to summarize lessons and the main recommendations obtained focusing on contributions to the transition of economic agents from the informal to the formal and global economy. The results from the post-conference survey will be crucial inputs for the development of the Conference Summary Report.

Outcomes

1)  Increase knowledge on how economies can implement GRPs for the transition from informal to the formal and global economy, exploring governance models for regulatory policies, to identify opportunities to enhance institutionality.

2) Increase understanding of new concepts and technology tools in regulatory analysis.

3)  Improve knowledge of core GRPs, such as RIA Ex Ante, RIA Ex Post and public consultation, as well as technical cooperation among APEC economies.

Beneficiaries

GRP17 should include participants from regulatory agencies, the private sector and international organizations as well as SCE, SCSC and EC delegates from every APEC economy. Participants from the public sector will include representatives from central government coordinating ministries that oversee regulatory policy, representatives from regulatory agencies and competition and consumer protection authorities, and government ministries who have the authority to design and implement regulatory policies, including those who have experience in regulatory practices and policies in APEC fora. Private sector representatives will have strong expertise on regulation matters and should be actively involved in the development of GRPs and efforts relating to sectoral regulatory cooperation. International organization representatives will include institutions that are engaged with the design and promotion of GRPs, such as the World Bank, the Inter-American Development Bank and the OECD. 

The participants should have relevant work experience at a senior level on GRPs and have the hard and soft skills to effectively contribute to regulatory policy change in their organizations and economies. The POs will seek for gender equality among both the participants and the speakers. 

While the direct beneficiaries are those officials responsible for regulatory policy, GRP17 is expected to yield benefits for the citizens and private sector organizations in APEC economies that will improve policies and practices from the outcomes that GRPs generate to enhance competition and competitiveness. In this line, GRP17 will provide insights to increase productivity growth and market efficiency, contributing with the design and implementation of public policies to ease the transition to the formal sector for firms and workers in the informal sector.

Dissemination

The POs will prepare a conference summary report on outcomes from the GRP17, including the highlights and recommendations on specific subjects addressed during the conference to be included in the APEC Project Database. The conference summary report will be published as APEC Publication.

Conference presentations will be included in the APEC Meeting Document Database. Target audience should be regulators and private agents from the region, as well as the public that could not attend the conference.

Gender

Please see Project Proposal in Supporting Document folder.

Work Plan

Please see Project Proposal in Supporting Document folder.

Risks

Please see Project Proposal in Supporting Document folder.

Monitoring and Evaluation

Please see Project Proposal in Supporting Document folder.

Linkages

Since SCSC and EC alternate hosting the GRP Conference, it is expected the interaction among a wide range of official representatives along with international organization and private sector participants. In this line, the GRP cross-functional and collaborative framework allows for an intersectoral focus on structural reform and regulatory policy. 

Given the scope of the conference, relevant groups within and outside APEC will be interested in GRP17 as a relevant space to improve knowledge on regulatory policies and practices to improve the transition to the formal and global economy. 

Moreover, standing on a long tradition of GRP conferences, APEC is the best source of funds for this project as an international fora with significant expertise on regulatory policies and practices among its member economies.

Sustainability

GRP conference provides a platform for representatives from APEC economies who are responsible for implementing regulatory policy changes in their economies to improve skills and knowledge on GRPs. As a result of this collaborative framework it is expected to produce relevant outcomes for APEC economies on GRP, such as the Conference Summary Report. 

Given the profile and experience of the participants as well as the scope of the conference, GRP17 will provide useful insights, products, networking and information to keep sustaining the long tradition of capacity building on GRPs of APEC in the long term.

Project Overseers

Primary management of the project will be handled by Rafael Vera Tudela as main PO. He will be supported by a team from the Ministry of Economy and Finance of Peru (MEF), led by Krizia Herrera and Carlos Portillo. 

Rafael Vera Tudela is Director, Regulatory Efficiency for Productivity and Competition at MEF.  He is MEF′s expert on regulatory policy and covers GRPs in the oversight body on regulatory policy in Peru (CMCR), responsible for ensuring regulatory impact analysis and public consultation processes, among other GRPs, in the Executive Branch of the government in Peru. Mr. Vera Tudela is active in APEC events on regulatory matters as well as other international fora as OECD, and shows an extensive experience organizing academic events and conferences at the private and public sector.

Cost Efficiency

Not Applicable.

Drawdown Timetable

Not Applicable.

Direct Labour

Please see Project Proposal in Supporting Document folder.

Waivers

Not Applicable.

Are there any supporting document attached?

Yes 
Attachments
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Project No.

Project Title

Project Status

Publication (if any)

Fund Account

Sub-fund

Project Year

Project Session

APEC Funding

Co-funding Amount

Total Project Value

Sponsoring Forum

Topics

Committee

Other Fora Involved

Other Non-APEC Stakeholders Involved

Proposing Economy(ies)

Co-Sponsoring Economies

Expected Start Date

Expected Completion Date

Project Proponent Name 1

Job Title 1

Organization 1

Postal Address 1

Telephone 1

Fax 1

Email 1

Project Proponent Name 2

Job Title 2

Organization 2

Postal Address 2

Telephone 2

Fax 2

Email 2

Declaration

Project Summary

Relevance

Objectives

Alignment

TILF/ASF Justification

Beneficiaries and Outputs

Dissemination

Gender

Work Plan

Risks

Monitoring and Evaluation

Linkages

Sustainability

Project Overseers

Cost Efficiency

Drawdown Timetable

Direct Labour

Waivers

Are there any supporting document attached?

hdFldAdmin

Project Number

Previous Fora

Secretariat Comments

Reprogramming Notes

Consolidated QAF

Endorsement By Fora

PD Sign Off

Batch

Forum Priority

Committee Ranking Category

Committee Priority

PDM Priority

Priority Within Funding Category

Monitoring Report Received

Completion Report Received

PMU Field 1

PMU Field 2

PMU Field 3

On Behalf Of

Proposal Status

Originating Sub-Forum

Approval Status
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