Central Regulatory Coordinating Body or Mechanism. Recognizing that institutional arrangements are particular to each Party’s system of governance, the Parties note the important role of central regulatory coordinating bodies and mechanisms in promoting good regulatory practices; performing key advisory, coordination, and review functions to improve the quality of regulations; and developing improvements to their regulatory systems. The Parties intend to establish or maintain their respective central regulatory coordinating bodies or mechanisms, within their respective mandates and consistent with law.
Appears in 4 contracts
Samples: 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
