Nations Sign First Agreement to Unlock Potential of Emerging Tech

Nations Sign First Agreement to Unlock Potential of Emerging Tech

Geneva, Switzerland, December 11, 2020 / TRAVELINDEX / The COVID-19 pandemic has wrought economic and social disruption worldwide. As people and businesses focus on recovery, governments must ensure that innovation which will power economic growth and solve the world’s most pressing social and environmental challenges is not held back by outdated regulations.

Speaking at a panel organized by the World Economic Forum and the Organisation for Economic Co-operation and Development (OECD), ministers from Canada, Denmark, Italy, Japan, Singapore, United Arab Emirates and United Kingdom announced their plan to lead the world in fostering responsible innovation and entrepreneurship. The Agile Nations Charter sets out each country’s commitment to creating a regulatory environment in which new ideas can thrive.

In a world first, the agreement 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 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. In conjunction with this project:

  • The World Economic Forum published its guide to better regulation of emerging technologies, developed in partnership with the Global Future Council on Agile Governance
  • The 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

“Too often, rules and laws are designed with the past in mind,” said Murat Sönmez, Managing Director, World Economic Forum. “Our Centres for the Fourth Industrial Revolution help governments, businesses and citizens co-design for the future – enabling the innovation that will be needed to create jobs, maintain competitiveness and ensure resilience to shocks. We’re excited to work with the new Agile Nations network.”

“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.”

“The UK has a proud history of entrepreneurship and discovery, but it is only by working together internationally that we can truly unleash the incredible potential of new technology,” said Martin Callanan, Business Minister, United Kingdom. “The Agile Nations will boost collaboration to remove regulatory barriers, ensuring innovators and entrepreneurs can market and scale their innovations across all seven nations involved, and I urge other countries to join this important initiative.”

“Canada’s endorsement of the Agile Nations agreement demonstrates our commitment to creating a regulatory environment where innovation can flourish and our respective businesses can be more efficient and competitive globally,” said Jean-Yves Duclos, President of the Treasury Board of Canada. “Canada is ready to play its part in sharing ideas and best practices on agile regulation.”

“As an international company, Siemens has always supported cross-border collaboration,” said Torsten Ende, Head of Government Affairs, Siemens. “Cross-border collaboration of regulators is the best way to avoid unnecessary divergence that could hamper innovation and to ensure future-oriented cooperation and technology with purpose. The proposed Agile Nations network, which fosters cooperation on rule-making, is a great step in the right direction.”

“Regulatory agility, strong business-government partnerships and constructive international regulatory co-operation are key in enabling innovation and helping businesses to emerge stronger from the COVID-19 pandemic,” said Low Yen Ling, Minister of Trade and Industry, Singapore. “Singapore looks forward to working closely with the Agile Nations network to strengthen collaboration in agile regulation to enable businesses and emerging innovations to rapidly scale up, offer new solutions and drive greater growth.”

“We fully support this Agile Nations network as an initiative to promote international cooperation regarding the concept of ‘governance innovation’ agreed at the 2019 G20 Ministerial Meeting held in Japan. We are happy to share our experiences and knowledge about innovative governance, including projects of the Digital Architecture Design Centre established this year,” said Kouichi Munekiyo, Parliamentary Vice-Minister, Ministry of Economy, Trade and Industry of Japan.

“IBM is pleased to support the Agile Nations initiative,” said Christopher Padilla, Vice-President, Government and Regulatory Affairs, IBM. “Even as new breakthroughs in technology are creating immense opportunities and improving economic and social well-being, these innovations are challenging traditional models of regulation. Promoting agile governance is a key mechanism for ensuring we reap technology’s benefits while mitigating risks. The Agile Nations Charter is an important step in fostering the international cooperation necessary to delivering on the promises of the Fourth Industrial Revolution.”

“The creation of the Agile Nations network is a welcome development for technology innovators,” said Diana Paredes, Chief Executive Officer and Co-Founder, Suade Labs. “Regulation that is designed for the past and a lack of coordination between regulators is particularly burdensome for innovative start-ups and SMEs. We are excited about this initiative and hopeful that it will encourage diversity and creativity from a wide range of innovators in the Fourth Industrial Revolution.”

Sperimentazione Italia (Italy Experimentation) allows companies, universities and research institutions to experiment with frontier innovations so that disruptive innovations’ opportunities are not missed. The time is ready to extend and apply the testing of ‘agile regulation’ within the international cooperation among countries,” said Paola Pisano, Minister of Technological Innovation, Italy.

“Facebook welcomes the ‘Agile Nations’ initiative and the commitment to foster cooperation on innovative regulatory practices. We agree with the need for more agile governance of emerging technologies as a collaborative approach involving governments, academia, civil society and industry. To complement this initiative, we will be launching a cross-cutting call for research proposals on different methodological approaches to rulemaking,” said Markus Reinisch, VP, Public Policy EMEA, Facebook.

“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.

“New technologies can accelerate the transition to a more green and sustainable society,” said Katrine Winding, Director-General, Danish Business Authority. “However, regulatory and other barriers currently prevent start-ups and innovative SMEs in particular from bringing their ideas to market. Through innovation-friendly regulation we will support the testing and development of new solutions, ensure equal competition and protect our citizens and the environment. This is no simple task. Denmark looks forward to addressing key challenges through the Agile Nations network.”

Related Articles

Close
Close