PECC SIGNATURE PROJECT: FTAAP PATHWAYS TO PROSPERITY - POLICY BRIEF Good Regulatory Practice for Services in APEC:

41 2 Summary and main messages This Policy Brief is focused on the discussion of the state of good regulatory practice for services in APEC at present, and the challenges that lie ahead in this area as the region’s economies move towards the Putrajaya Vision in 2040 and the FTAAP goal of a more collaborative, open and integrated region. [...] A recent study carried out for the APEC Group on Services also examined the similarities between the content of the APEC Non-binding Principles on Domestic Regulation of the Services Sector and how these have been incorporated into four major RTAs, including the CPTPP, RCEP and the USMCA, which collectively encompass 18 out of 21 APEC economies.16 This analysis compared the provisions of the RTAs. [...] In terms of general approaches to services domestic regulation and administration of regulations, the Policy Brief underscores that there has been a significant convergence of approach and understanding in the APEC region for services domestic regulation principles and disciplines through the adoption of the APEC Non-Binding Principles for Domestic Regulation of the Services Sector, followed by th. [...] Many of the rules and provisions in the more recent RTAs in the region are similar to those in the APEC Non-Binding Principles in both content and approach with regards to the rules they contain for services regulation and services-relevant chapters. [...] The Policy Brief also highlights the serious gaps in coverage of regulatory instruments in the APEC region for two of the most recent drivers of change in the services area.