Background and Objective
Risk management aims to safeguard against hazards that stem from the quality of products and services – or lack thereof – that have the potential to cause harm or damage the health and safety of consumers and the environment. Development and enforcement of regulations require application of the state-of-the-art risk management tools. Applying best practice on risk management in regulatory frameworks and international trade results in regulations that make products safe, make organizations’ processes stable and ensure consumers are better protected from hazards without stifling growth and creating barriers to trade.
Risk management is essential for the key areas of work of WP.6:
- Risk management principles constitute an important building block of the international trade system and lie at the basis of several WTO Agreements. Efficient application of risk management by regulatory authorities is crucial for facilitating trade and removing technical barriers.
- Ensuring health and safety of consumers requires building risk-based regulatory frameworks, which would bring risks to a tolerable level by devising and implementing regulatory requirements that are proportionate to risks they were set out to address.
- Achieving Sustainable Development Goals and implementing the principles of Circular Economy require regulations that would minimize effects of uncertainty on objectives.
Risk management can take place pre-border, at-the-border or post-border.
This webinar aims to showcase best practices in integrated risk management strategies and systems.
This meeting is taking place as part of the WP.6 Second Forum. Find out about the other meetings at this webpage.