Review of Regulations Currently in Effect. 1. Each Party shall adopt or maintain procedures or mechanisms to conduct reviews of its regulations currently in effect to determine whether modification or repeal is appropriate. A review may be initiated, for example, pursuant to a Party’s law, on a regulatory authority’s own initiative, or in response to a suggestion submitted pursuant to Article 14 (Suggestions for Improvement). 2. When conducting a review, each Party should consider, as appropriate and applicable, among other things: (a) the effectiveness of the regulation in meeting its initial stated objectives, for example by examining its actual social or economic impact; (b) any circumstances that have changed since the development of the regulation, including availability of new information; (c) new opportunities to eliminate unnecessary regulatory burdens; (d) ways to address unnecessary regulatory differences that may adversely affect trade, including trade between the Parties; and (e) any relevant suggestions of members of the public submitted pursuant to Article 14 (Suggestions for Improvement). 3. Each Party shall include among the procedures or mechanisms adopted pursuant to paragraph 1 provisions addressing impacts on small enterprises. 4. Each Party is encouraged to make publicly available online, to the extent available and appropriate, any official plans and results of a review.
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
