Business Association of Georgia welcomes the initiative of the Prime Minister, Giorgi Gakharia. According to the initiative, a legislative initiative prepared by a member of the Georgian Parliament may pass the Regulatory Impact Assessment (RIA) procedure.
"Regulatory Impact Assessment (RIA) enables the systematic analysis of the costs and benefits of separate regulation, which is one of the most important tools for the consistent implementation of the state's economic policy. On the probable results of acceptance.
Consequently, if the Prime Minister's initiative is implemented, the evaluation procedures will significantly improve the quality of decisions and give us a high level of coordination between branches of the government.
In addition, the transparency of the legislative process and the involvement of all stakeholders in it will increase, i.e. we will involve all the parties in the process who may be affected by this or that regulation”, - the statement reads.
