From: The White House

JOINT STATEMENT
BETWEEN
THE OFFICE OF MANAGEMENT AND BUDGET
OF THE UNITED STATES OF AMERICA
AND
THE MINISTRY OF FINANCE OF THE STATE OF ISRAEL

Recognizing the economic significance of lowering regulatory costs and excessive bureaucracy emphasized by the Government of the United States of America and the Government of the State of Israel;

Recognizing the importance of promoting Good Regulatory Practices (GRPs) to improve the business and investment environment, increase the ease of doing business, and encourage innovation; and

Considering the joint commitment to enhancing bilateral economic collaboration and economic opportunities between the United States of America and the State of Israel,

The Office of Management and Budget of the United States of America and the Ministry of Finance of the State of Israel (together, the “Participants”) have decided to establish a Joint Task Force on Good Regulatory Practices, under the auspices of the Joint Economic Development Group, an annual strategic interagency policy dialogue, co-chaired by the Departments of State and Treasury of the United States and the Ministry of Finance of the State of Israel to address bilateral economic issues.

The Joint Task Force will establish a dialogue between the Participants to share experiences with respect to the development and implementation of GRPs. The Joint Task Force is establishing the dialogue in order to:\

I. examine and compare approaches to advancing and implementing government wide
regulatory reforms, including reducing the flow of new regulations, conducting
regulatory impact assessments, allowing all interested stakeholders to participate in
the development of regulations, and measuring the success of regulatory reform
initiatives;

II. discuss different approaches to deregulation, including how to identify and prioritize
regulations in need of reform as well as methods for reducing regulatory burdens; and

lll. discuss the complexities and best practices concerning the internal coordination of
regulatory policy.

The Joint Task Force will be led by the Office of Management and Budget’s Administrator of the Office of lnformation and Regulatory Affairs, Ms. Neomi Rao, and the Ministry of Finance’s Acting Director of the National Budget Department, Mr. Yoel Naveh and the Ministry of Finance’s Accountant General Rony Hizkiaho.

Read Complete US-Israel Joint Statement on Good RegulatoryPractices