The Republic of Armenia has received approval from the Organization for Economic Cooperation and Development (OECD) to participate in the organization’s evaluation criteria for regulatory reform and governance. This recognition signifies that Armenia’s regulatory framework, implementation, and political stability align with the established guidelines of the OECD.

By actively engaging in the OECD’s evaluation criteria, the Armenian government demonstrates its dedication to upholding these principles and further advancing effective laws and regulations that adhere to international standards.

The assessment of regulatory reforms holds significant importance in safeguarding the rule of law. It equips policymakers with a valuable tool to prevent actions that impede competition or harm consumers, thus curbing the misuse and abuse of power.

Armenia’s inclusion in regulatory reform and governance evaluations serves as a pivotal factor in facilitating successful implementation. It serves as an essential mechanism to combat corrupt practices and safeguard the country’s resources.