UAE joins Agile Nations Charter with Canada, Denmark, Italy, Japan, Singapore and UK

10X Technology

Mita Srinivasan
10X Technology
Published:

UAE joins Agile Nations Charter with Canada, Denmark, Italy, Japan, Singapore and UK

Signed at a panel co-organized by the World Economic Forum, the seven nations will help innovators navigate their rules, test new ideas with regulators and scale them across their markets

The ministers from Canada, Denmark, Italy, Japan, Singapore, United Arab Emirates and the United Kingdom announced their plan to lead the world in fostering responsible innovation and entrepreneurship. The collaboration is a result of the World Economic Forum’s project on Agile Regulation for the Fourth Industrial Revolution, which supports regulators around the globe respond to technological innovation.

The Agile Nations Charter paves the way for the nations to cooperate in helping innovators navigate each country’s rules, test new ideas with regulators and scale them across the seven markets. Priority areas for cooperation include the green economy, mobility, data, financial and professional services, and medical diagnosis and treatment. The Charter sets out each country’s commitment to creating a regulatory environment in which new ideas can thrive.

“The UAE government is proud to endorse the Agile Nations network, which would help adopt agile governance and innovation to build strong, capable and resilient governments, and enable them to tackle future challenges with proactive solutions,” said Ohood Bint Khalfan Al Roumi, Minister of State for Government Development and the Future, United Arab Emirates.

The Organisation for Economic Co-operation and Development (OECD) launched the development of principles on effective and innovation-friendly rule-making in the Fourth Industrial Revolution for its 37 member states, to be adopted in 2021.

“Against a backdrop of a once-in-a-century global health and economic crisis, governments need to undertake a paradigm shift in their rule-making activities,” said Jeffrey Schlagenhauf, Deputy Secretary-General, OECD. “To help governments navigate the challenges and develop more agile approaches to the regulatory governance of innovation, the OECD is developing principles on effective and innovation-friendly rulemaking in the Fourth Industrial Revolution. The Agile Nations network is an extremely timely initiative to truly foster international regulatory cooperation for better, innovation-friendly and up-to-date regulations worldwide.”