Good regulatory practices definition
Good regulatory practices as defined by the TPP means a regulatory process that considers the cost of compliance along with the benefits, even though cost- benefit analysis is likely to exaggerate the costs of compliance, since those costs are provided by regulated industries, and minimize the value of benefits in terms of protecting public health and safety and the environment, which often are much harder to quantify. What is the monetary value of IQ points lost to lead poisoning, or a childhood free of asthma attacks?
Examples of Good regulatory practices in a sentence
Good regulatory practices also are fundamental to effective regulatory cooperation.
Good regulatory practices and transparency on matters that can affect trade and investment are essential elements of up-to-date and inclusive policymaking.
Good regulatory practices Australia and the UK commit to including a chapter on Good Regulatory Practices (GRP) which will contain provisions that support a transparent and predictable regulatory environment for business.