regulatory cooperation

Regulatory cooperation involves different countries or regions working together to align their rules and standards for products, services, and safety. This collaboration reduces conflicts, makes it easier for companies to operate across borders, and protects consumers by ensuring consistent quality and safety standards. It helps prevent duplication of efforts, speeds up approval processes, and fosters economic growth while maintaining necessary protections. Essentially, it’s a partnership to create more compatible and efficient regulatory systems that benefit both consumers and businesses worldwide.