Regulatory settings and standards that enhance competitiveness
The Government will strengthen analysis of trade and investment impacts in regulatory proposals.
The Government should strengthen the analysis and sectoral input made available to decision-makers in relevant domestic policy processes to ensure the impacts on trade and investment are able to be properly taken into account.
Progress to date
In January 2020, changes were made to the Regulation Impact Assessment framework to strengthen this analysis further by focussing impact analysis on all costs and benefits, not just those that relate to regulatory or compliance costs.