Global standards and best-practice regulations adopted in key markets
The Government and industry will jointly promote business participation in major international forums to advance our interests in digital trade.
Convene an informal non-government diplomacy channel to multiply the impact of the business community’s current efforts to support Australia’s global policy interests in digitally-enabled trade.
Progress to date
The Government works closely with Australian business leaders in regional and multilateral business groups, such as the Asia-Pacific Economic Cooperation Business Advisory Council (ABAC) and the business forum (B20) in the G20, which helps to expand Australia’s influence and ensure our policy approaches in these forums work to maximise economic benefit for Australia. Australia hosted the first ABAC meeting of 2020 in Sydney, helping to shape ABAC’s agenda.
In July 2021, DFAT nominated Indigenous business leaders to attend the virtual ABAC Indigenous Business Leaders’ Dialogue. The Dialogue lead to the development of the first Indigenous business leaders’ statement on priorities to promote Indigenous business inclusion across APEC Member Economies, including improved access to the digital economy and cross-border e-commerce.
In November 2021, Australian business leaders will be invited to attend the APEC CEO Summit to discuss a range of issues, including digital trade.
Standards Australia supports Australian participation in the development of international standards across all sectors of the economy, including services. Standards Australia is particularly focused on identifying priority areas for increased Australian participation and supporting industry experts to participate on international standards committees and mirror committees in emerging sectors like digital and critical technology, and critical minerals.
Australian participation in the development of international standards allows Australian industry experts to shape trajectories and advance the values and interests of Australian consumers and industry. Standards Australia is ensuring the Australian voice is heard by mapping Australia’s current participation across committees of the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC) and engaging with industry and Government to identify new and emerging opportunities for Australian expert participation.
#ACCELERATERegTech2022 is the 5th annual RegTech Association eco-system event which brings together regulators, regulated entities, RegTechs, government, technology firms, professional services and entrepreneurs. To be held from 5-7 April 2022, the event’s high calibre speakers will provoke and support conversations to drive the agenda for great RegTech forward.
With the theme of the Global Growth Corridor the events three streams will focus on:
- The Big Picture (Strategic, Cultural, Trade and Economic themes).
- The Financial System (Institutional and Regulatory Reform).
- The New Economy (Taking the learnings from financial services and application to new industries who can take advantage of RegTech).