Business calls for regulatory burden reduction

BIAC published the results of a survey on economic policy organized in 23 countries.

At the OECD Ministerial Council meeting on Tuesday 6th May, the Business and Industry Advisory Committee's Chair Phil O’Reilly challenged OECD leaders to engage in reforms that provide a consistent framework for companies to invest, create jobs, and grow.

Regardless of the measures taken so far, the economic growth in the OECD countries is slow, unbalanced and weak.

The entrepreneurs want that the politicians push through reforms enabling to unfreeze the growth. Global business calls for more ambitious and more comprehensive reforms. The politicians should especially  remove the burden of regulation and bureaucracy and strengthen the capacity of business to invest and to generate a sustainable and balanced growth.

At its General Assembly on Monday 5th May, the BIAC published the results of a survey on the economic policy in 23 countries.

Most respondents of the survey mentioned the necessity of reforms reducing the regulatory burden falling on the companies and their entrepreneurial activities. Most important, in their opinion, is the transparency of the regulation, extend of state institutions‘ interventions, harmonization of the authorization and licensing system, improvement of the effectiveness of the overall taxation, strengthening of the human capital and enhancement of the labor utilization efficiency.

The Business Contribution to the OECD Ministerial Council Meeting (MCM) on 6-7 May 2014

BIAC economic policy survey

section BIAC
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