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The Business Advisory Council (BAC)
The Business Advisory Council (BAC) is a mechanism launched by the ENCC to capture private sector views on Egyptian regulations and inform those in charge of regulatory reform process within the Egyptian Regulatory Reform and Development Activity (ERRADA) initiative. ERRADA operates under the Sub-Cabinet Committee of the Productive Sector, chaired by the Minister of Trade and Industry, His Excellency Eng. Rachid Mohamed Rachid. The aim of the initiative is to build an Egyptian regulatory management system of public-private institutions, based on openness and fairness and with the ultimate goal of promoting a competitive economy.
In the current stage, the initiative includes 11 ministries (trade and industry, investment, finance, petroleum, tourism, housing, transport, agriculture, health, administrative development and local development). Twelve units were established in these ministries, overseen by a central coordinating unit. Each undertook an inventory of business related regulations that lie within the scope of their functions and activities. To date, around 29,000 business related regulations have been compiled and placed on ERRADA’s electronic database in preparation for their review. A pilot is also being launched in three governorates (Red Sea, Ismailiya and Fayoum) to compile and review business related regulations. The aim of the Review stage is to streamline the existing stock of regulations in order to make them more business-friendly. This is achieved through a process of systematic review which involves examining regulations and producing recommendations to keep, amend or abolish. It is anticipated that half the regulations of participating ministries will be reviewed by June 2010.
The ENCC will continue to coordinate between ERRADA and the private sector throughout the official review stage which began on January 1, 2009. Over time, the ENCC would establish a system for on-going business consultation that will regularly incorporate private sector input into the process of issuing new laws and regulations through regulatory impact assessment (RIA). RIA aims to improve the quality of regulation as policy-making is evidence-based. Regulators are required to analyze and measure the socio-economic impacts, affecting pre-defined areas, of any proposed regulations. Analysis of proposed regulations should allow for comparative evaluation of options by different stakeholders including regulators and business community representatives.
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