For more than nine months, Ukraine has been demonstrating fantastic resilience: military, energy, economic. The whole world is amazed by the fortitude of Ukrainians. Despite the war and constant missile attacks, the country is functioning, living and fighting for its future.

Speaking at the 27th meeting of the OECD Regulatory Policy Committee in Paris, which took place on December 5-6, Head of the State Regulatory Service of Ukraine Oleksii Kucher told about the unchanged course of the Government of Ukraine on deregulation.

“Our aspiration is to expand cooperation with the OECD. And the main goal is to improve the quality and stability of the regulatory environment, which coincides with the key areas of the OECD Regulatory Policy Committee,” said Oleksii Kucher.

Ukraine has effective procedures in place that fully meet the requirements of the best international regulatory practices:

• regulatory impact analysis of draft regulatory acts;
• quantification of costs and benefits of project implementation;
• discussion of projects with the public.

Currently, Ukraine is in the process of joining the OECD, which is one of the most prestigious international economic organizations, comprising 38 leading world countries. Experience and support from the OECD would be extremely valuable for Ukraine, both today and in the process of post-war reconstruction.

Besides, during his speech at a separate panel discussion titled “Regulatory Policy in Time of War”, dedicated to Ukraine, Oleksii Kucher made a proposal: to help the State Regulatory Service of Ukraine become an associate member of the OECD Committee, and also proposed to consider the possibility of conducting a Regulatory Policy Review in Ukraine.

For its part, the leadership of the OECD Committee assured of assistance in creating all the necessary conditions to this end.

“I am convinced that cooperation with the OECD will give a significant impetus to the implementation of the best international economic practices and approaches in our country and will contribute to the rapid economic revival of Ukraine,” Oleksii Kucher said.