GRP to boost nation’s productivity
PUTRAJAYA: The Malaysia Productivity Corporation (MPC) will go all out to ensure that government ministries and agencies continue to implement Good Regulatory Practices (GRP) to modernise business regulations and boost the country’s productivity and competitiveness.
MPC director-general Datuk Mohd Razali Hussain said to achieve this, regulations governing the business environment must be efficient, transparent, accountable and consistent so that GRP could be implemented effectively.
“Discussions with the private sector and industries is important to get their feedback.
“We can finetune and upgrade existing regulations to be aligned with the principles of GRP.
“Through public consultation or participation, we can implement better regulations and cumbersome rules can be eliminated.
“The private sector welcomes this move as it can contribute by providing evidence-based input and other data, which can boost the quality of regulations,” Razali told the New Straits Times Press on the sidelines of the GRP National Convention 2018, themed “Better Regulation, Enhance Productivity”.
The event was officiated by Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail.
Present were Deputy International Trade and Industry Minister Dr Ong Kian Ming and MPC chairman Tan Sri Azman Hashim.
The convention, held for the second time, was organised by MPC, which is an agency under the International Trade and Industry Ministry.
The event, a platform for industry players to share ideas and experiences to accelerate the implementation of GRP, was attended by more than 1,500 government officers, trade association members and academia.
It was also attended by 46 representatives from Asean and Organisation of Economic Cooperation and Development (OECD) countries.
Razali said via the convention, there would be more participation from the private sector, adding that a unified public consultation portal was being set up by MPC in collaboration with the World Bank.
He said the portal would allow more active and responsive private sector participation before new regulations were formulated.
He said it would allow regulators to receive feedback from stakeholders in a more comprehensive manner.
He said follow-up discussions and analysis could be made with the private sector, based on the information compiled and analysed, to generate options for implementation and the most possible recommendation in the Regulatory Impact Analysis (RIA) by respective ministries and agencies.
He said representatives from OECD and Asean countries, such as Canada and South Korea, shared their experience with GRP implementation at the event.
He said unnecessary regulatory burden could be minimised, which would lead to cost savings by public and private sectors and, in turn, boost the nation’s productivity and competitiveness.
At the event, Dr Wan Azizah launched the Report on Modernisation of Regulations 2018 that showcased 32 projects under the Cutting Red Tape programme in 2016 and last year, which resulted in potential cost savings of RM1.18 billion (2016) and RM1.2 billion (last year).