{"id":28697,"date":"2019-07-15T22:10:25","date_gmt":"2019-07-15T20:10:25","guid":{"rendered":"https:\/\/www.digitalbusiness.africa\/?p=28697"},"modified":"2019-07-29T16:24:02","modified_gmt":"2019-07-29T15:24:02","slug":"collaborative-and-innovative-approaches-to-regulation-needed-to-unlock-the-full-potential-of-digital-technologies%ef%bb%bf","status":"publish","type":"post","link":"https:\/\/www.digitalbusiness.africa\/en\/collaborative-and-innovative-approaches-to-regulation-needed-to-unlock-the-full-potential-of-digital-technologies%ef%bb%bf\/","title":{"rendered":"Collaborative and innovative approaches to regulation needed to unlock the full potential of digital technologies\ufeff"},"content":{"rendered":"\n

[Digital Business Africa] –<\/strong> ITU Global Symposium for Regulators adopts GSR-19 Best Practice Guidelines on fast-forwarding digital connectivity for all. Regulators from around the world gathered in Port Vila, Vanuatu, from 9 to 12 July for the ITU Global Symposium for Regulators (GSR). They identified and endorsed a set of regulatory Best Practice \u200bGuidelines<\/a> <\/strong>to fast forward digital connectivity and allow people everywhere to benefit from digital transformation and participate in today’s digital economy. \u200b<\/p>\n\n\n\n

Organized by ITU<\/a>, GSR<\/a> is the world’s largest specialized gathering of information and communication technology regulators and policy specialists from the public and private sectors. The theme of GSR-19 was \u201cInclusive connectivity: The future of regulation”. GSR-19 was held in Port Vila, Republic of Vanuatu, from 9 to 12 July. It marked the first time GSR came to the Pacific region. More than 400 participants attended GSR-19.<\/p>\n\n\n\n

In fact, to unlock the full potential of digital technologies and\naccelerate progress towards the United Nations Sustainable Development Goals\n(SDGs), the Guidelines emphasize the need for a more actionable, collaborative,\nand innovative outcome-based approach to regulation. They urge regulators and\nall stakeholders to be open to new regulatory tools and solutions and act now.<\/p>\n\n\n\n

\u201cThis week, Vanuatu was the centre of the ICT regulatory world. GSR-19 gave\nus a golden opportunity to discuss connectivity strategies with regulators from\nthe entire Pacific region and the rest of the world,” said ITU\nSecretary-General Houlin Zhao. \u201cAs regulators everywhere are faced with new\ntechnologies and new business and investment models, the GSR-19 Best Practice\nGuidelines show how critical collaborative regulation is to achieving the SDGs\nand delivering on the promise of the digital economy, including for the 3.7\nbillion people who are still not using the Internet.”<\/p>\n\n\n\n

\"Collaborative<\/figure>\n\n\n\n

\u201cThe regulatory landscape of digital markets is fast-moving and extremely\ncomplex. There is still much work to be done, and regulators across all sectors\nmust rise to the challenge of connecting the other half of world’s\npopulation,” said Mr Brian Winji, Chairman of GSR-19 and\nTelecommunications, Radiocommunications and Broadcasting Regulator of the\nRepublic of Vanuatu. \u201cThe GSR-19 Best Practice Guidelines we adopted are an\ninvaluable tool that enables regulators to address the challenges ahead and\nnavigate through rapidly evolving technologies, business models and market\nstructures that are affecting economies, society and people around the\nworld.”<\/p>\n\n\n\n

The GSR-19 Best Practice Guidelines call for the adoption of three new and\ninnovative approaches for achieving inclusive digital infrastructure and\nservices, based on:<\/p>\n\n\n\n

  1. Core design principles for collaborative regulation<\/strong> \u2212 to help respond to new technology paradigms and business models.<\/li><\/ol>\n\n\n\n
    • Benchmarks for\nregulatory excellence and market performance<\/strong> \u2212 grounding regulatory decisions\nin robust, multifaceted and thoughtfully interpreted evidence can prove\ninstrumental in generating positive market dynamics in the short and long term.<\/li><\/ul>\n\n\n\n
      • Regulatory tools and approaches at hand for enabling digital experimentation \u2212 <\/strong>to contribute towards improving digital market outcomes, countries need to leap forward to the next level of collaborative regulation with a new attitude and a new toolbox.<\/li>
      • \u200b\u200b\u201cLooking back over nearly 20 years of GSR, the role of the ICT regulator has never been more important,” said Doreen Bogdan-Martin, Director of the ITU Telecommunication Development Bureau. \u201cICTs are at the heart of efforts to attain the 17 UN Sustainable Development Goals, and accessible, affordable ICT infrastructure is the pre-condition of every nation’s ongoing socio-economic development. Based on the contributions of regulators from all regions, and adopted by consensus, the new guidelines will light the way towards achieving inclusive digital connectivity globally.”<\/li><\/ul>\n\n\n\n

        \u200b\u200b\u200b\u200b\u200b\u200bOn 9 July, at the\u200b 10th Private Sector Chief Regulatory Officers meeting, regulators addressed critical questions from the industry’s perspective. To ensure that inclusivity can be achieved commercially in a sustainable way, participants highlighted the need for appropriate incentives provided by the policy and regulatory environment. They also stressed that in areas that are uneconomical, the right balance has to be struck between regulation, public sector involvement and competitive market forces.<\/p>\n\n\n\n

        \u200b\u200bDigital Business Africa and ITU<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

        [Digital Business Africa] – ITU Global Symposium for Regulators adopts GSR-19 Best Practice Guidelines on fast-forwarding digital connectivity for all. Regulators from around the world gathered in Port Vila, Vanuatu, from 9 to 12 July for the ITU Global Symposium for Regulators (GSR). They identified and endorsed a set of regulatory Best Practice \u200bGuidelines to fast forward […]<\/p>\n","protected":false},"author":28,"featured_media":28687,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","footnotes":""},"categories":[46587,46501,29,46629,46541,46624,46582,46571,46514],"tags":[46681,46250,46682,2852,1203,246],"class_list":{"0":"post-28697","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-african-countries","8":"category-central-africa","9":"category-c95-international","10":"category-international-en-3","11":"category-latest-publications","12":"category-regulation-en","13":"category-slidehome-en","14":"category-tech-event","15":"category-west-africa","16":"tag-collaborative","17":"tag-gsr","18":"tag-gsr-2019","19":"tag-itu","20":"tag-regulation","21":"tag-uit"},"yoast_head":"\nCollaborative and innovative approaches to regulation 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