About RT4D
The Regional Trade for Development (RT4D) initiative is funded by both the Governments of Australia and New Zealand. It assists ASEAN Member States (AMS) in meeting their commitments and realizing the advantages offered by the Agreement establishing the ASEAN-Australia-New Zealand Free Trade Area, or AANZFTA, and the Regional Comprehensive Economic Partnership, or RCEP.
Through the AANZFTA Implementation Support Program (AISP) and the RCEP Implementation Support Program (RISP), RT4D provides tailored support to enhance the capabilities of ASEAN Member States by strengthening skills, building networks, facilitating policy options and ensuring that trade benefits everyone, including Micro, Small and Medium Enterprises (MSMEs), women and people with disabilities.
The Governments of Australia and New Zealand have committed up to AUD 48.7 million to fund RT4D from 2020-21 to 2027-28.
Project Summary
The RCEP Implementation Support Program (RISP), implemented RT4D Facility, aims to support AMS to realize the full benefits of RCEP through the provision of capacity-building support and access to technical expertise.
The following project is approved under RISP.
- Project name: Effective application of Good Regulatory Practices (GRP) in developing technical regulations and conformity assessment procedures.
- Project Objectives: The objective of this project is to build capacity and a better understanding of (1) the effective application of GRP and (2) conducting Regulatory Impact Assessment (RIA) for Country officials who are involved in developing technical regulations and conformity assessment procedures in Viet Nam.
Through that, the project contributes to the strategic objectives of The RCEP Agreement as stated in Chapter 6, Article 2, namely, 6.2 (a), (b), (c), and (d).
- Project Structure: The project consists of four activities designed to deliver multiple outputs:
- Activity 1: Development of two Research Reports
- 1. One Research Report on GRP application
- 2. One Research Report on RIA implementation
- Activity 2: Development of two Guidelines acting as manuals for implementing organizations
- 1. One Guideline on GRP application
- 2. One Guideline on RIA implementation
- Activity 3: Organization of capacity building Training Courses
- 1. Three 1.5-day Training Courses on GRP: one in Vinh Phuc, one in Da Nang and one in Ho Chi Minh City.
- 2. One 1.5-day Training Course on RIA in Vinh Phuc
- Activity 4: Organization of one final Regional Workshop communicating project components’ findings.