5 October 2011

Trade Impact Assessment – Best practice regulation guidance note for policy officers

It is important to consider the potential impact of regulatory proposals on trade – any proposal that affects the scope for exporters to compete internationally, or for imports to improve competition in Australia, may have a large effect on the Australian economy. Reflecting this, the Best Practice Regulation Handbook contains a requirement for Regulation Impact Statements to contain a Trade Impact Assessment, where relevant.

To assist policy officers in completing a trade impact assessment, the OBPR has developed a guidance note on the topic, and is able to provide further assistance if required. In developing the guidance note, the OBPR consulted with the Department of Foreign Affairs and Trade.

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