The Regulatory Connectivity Cluster (RCC) of the Connectivity Agenda is working to advance good regulatory practices (GRPs) to promote trade and investment among Commonwealth countries. To that end, several interventions were designed and implemented, some of which are briefly described below.

 

Quick facts

Regulatory Governance Index

4.5
Canada, Malaysia, Malta and New Zealand score highest among Commonwealth countries on the Regulatory Governance Index, with scores between 4 and 5.

 

Regulatory Governance Index

3
There is significant variation in regulatory quality and coherence across the Commonwealth – Commonwealth members such as Barbados, Mauritius, Seychelles, Solomon Islands and Zambia score below 3 on the Regulatory Governance Index.

 

International regulatory cooperation

1
International regulatory cooperation can support increased trade flows: the inclusion of a transparency provision in a regional trade agreement can increase trade flows by more than 1 per cent.