C. Regulatory convergence

Global regulatory convergence and simplification

Approximation of legislation and regulatory convergence.

Approximation of legislation and regulatory convergence.

Changes in the regulatory framework European legislative and institutional framework Regulatory convergence Most important impact is STABILITY and HARMONIZATION Uniformity in financing

Working towards regulatory convergence and harmonization and keeping standards stable and predictable were other key priorities.

Governments and business needed to work together to achieve greater regulatory convergence and implement international standards.

Delegates noted the special importance for countries in transition of WP the programmes on regulatory convergence and on market surveillance

Legislative and regulatory convergence is assumed in different cooperation agreements between the EU and non EU countries in the UNECE region.

The role of the UNECE in regulatory convergence increases as a prerequisite of strengthening economic integration in a wider Europe context.

The status of the Working Party regulatory convergence regional and sectoral projects will be highlighted in document TRADE WP.6 2005 5.

The importance of regulatory convergence is increasingly recognized by non EU member States in the context of their future participation in globalized markets.

The UNECE legal instruments and recommendations in transport, environment, trade, etc., can serve as a basis for approximation of legislation and regulatory convergence.

The most interesting development is that we can now see increasing convergence in the regulatory philosophies and toolkits in Beijing, London, and New York.

A number of areas for further work had been mentioned, including the link between ICT and productivity in the services sector the convergence among regulatory frameworks in different countries and the link between competitiveness and different regulatory frameworks.

Will Technology Kill Convergence?

NACE NAICS convergence project

Inflation convergence euro area

THE NEED FOR CONVERGENCE

Price convergence motor cars

Convergence with EUIPPC Policies

In addition, the UNECE secretariat issued finalized the publication on the Workshop on EU Enlargement Regulatory Convergence in Non Acceding Countries held in Athens (Greece) in November 2003.

Communication between the EU and Russia has improved at all levels, and there is a better understanding of our respective regulatory environments in numerous sectors. Concrete outcomes can be expected in the medium or long term as far as regulatory convergence is concerned.

Policy Regulatory

Regulatory action

Regulatory signs

Regulatory instruments

Regulatory agencies,

partnership regulatory

3 Expected Benefits of Convergence

Develop a strategy for convergence

3 Expected Benefits of Convergence

Set convergence priorities and targets.

Convergence with EUNature Protection Policies

Convergence with EU IPPC Policies

Challenges to Convergence and Costs

Stimulating a dialogue on regulatory cooperation and convergence Encouraging the participation of all countries in international standardization Promoting the use of international standards in trade and in the economy.

This convergence has less to do with regulatory thinking on bank size or function than with a common need to play to the political gallery and raise more tax revenue.

Thus, the driving force behind regulatory convergence is not only the EU enlargement and existing bilateral agreements with the EU, but also the ambition to compete in the global markets.

Other regulatory controls

(h) Regulatory compliance

Regulatory cooperation projects

1. Regulatory framework

regulatory voluntary action

LAIA will also support Project Convergence.