Global: Improving readiness to comply with trade regulations - a self-assessment tool
This project aims to create a self-assessment tool online for firms to evaluate their export readiness in terms of meeting partner country regulations. The three modules of this tool will enable a better access to regulations, comparing requirements across countries and with international standards, and finally assessing a firm’s “readiness to comply”.
As such, the tool contributes to a better understanding of regulations, allowing micro, small and medium-sized enterprises to concentrate on a what they should focus on rather than trying to understand legal texts and their implications.
The project will contribute to reducing trade cost by limiting the time spent on searching regulations and understanding legal texts. Il will also help firms avoid costly mistakes related to non-compliance, allow exporters to identify potential markets and provide a better evidence base for policy makers when issuing new regulations or seeking regulatory convergence.