Information Quality. 1. Each Party recognizes the need to base regulations upon information that is reliable and of high quality. To that end, each Party should adopt or maintain publicly available guidance or mechanisms that encourage its regulatory authorities when developing a regulation to: (a) seek the best, reasonably obtainable information, including scientific, technical, economic, or other information relevant to the regulation it is developing; (b) rely on information that is appropriate for the context in which it is used; and (c) identify sources of information in a transparent manner, as well as any significant assumptions and limitations. 2. If a regulatory authority systematically collects information from members of the public through identical questions in a survey for use in developing a regulation, each Party shall provide that the authority should: (a) use sound statistical methodologies before drawing generalized conclusions concerning the impact of the regulation on the population affected by the regulation; and (b) avoid unnecessary duplication and otherwise minimize unnecessary burdens on those being surveyed.
Appears in 4 contracts
Sources: Protocol to the Trade and Investment Council Agreement, Protocol to the Agreement on Trade and Economic Cooperation, Protocol to the Agreement on Trade and Economic Cooperation