I used to say that regulation is public administration done well. We take decisions based on evidence and broad consultation. We try our best to reduce regulatory risk and create the best conditions for investment. Basically good governance.
I’d been engaged with services trade since around 1990 when I was intrigued by why Canada wanted the free trade agreement with the US more than the US. But then, I had been interested in services trade for even longer. In 1983 I was rooting around Washington and London for data on services trade (or as they used to call it “trade in invisibles”).
So anyway, when I was asked to speak about good governance in cross border trade, This is what I came up with.