APEC Principles to Enhance Competition and Regulatory Reform
APEC Principles to Enhance Competition and Regulatory Reform: a non-binding set of five principles adopted in Auckland in 1999. The principles are: (1) non-discrimination (competition and regulatory principles not to discriminate between economic entities, whether these are foreign or domestic), (2) comprehensiveness (broad application of the principles to goods and services, and private and public business activities), (3) transparency in policies and rules, (4) accountability (clear responsibility within domestic administrations for the implementation of the competition and efficiency dimension in the development and administration of policies and rules), and (5) implementation (take, inter alia, practical steps to promote consistent application of policies and rules, eliminate unnecessary rules and regulatory procedures, and improve the transparency of policy objectives).
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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