[lemma=legal] [tag=CC] [lemma=□] □
[lemma=legal] [tag=CC] [lemma=regulatory] □
[lemma=legal] [tag=CC] [lemma=environment] □
In the absence of an updated legal and regulatory environment , needless systemic risk might jeopardize the broader vitality of the American capital markets . While the current framework here in the U.S. remains outdated , markets overseas are developing in a legal and regulatory environment that allows greater efficiency , transparency and liquidity . The legal and regulatory environment is improving , but judicial rulings are often arbitrary and the legal process is slow . training , by providing infrastructure or media production facilities , or by improving the legal and regulatory environments for the media . While the current framework here in the U.S. remains outdated , markets overseas are developing in a legal and regulatory environment that allows greater efficiency and transparency . We , the Ministers and representatives responsible for the development of Information and Communication Technology ( ICT ) and e-commerce , have gathered in Bangkok on November 22 , 2002 , Recognizing that ICT and e-commerce are powerful tools that can enhance productivity , enable gender equality , increase efficiency , and enhance quality of goods and services public as well as private , and facilitate and promote international trade and investment , thus contribute to economic and social development in the Asia and Pacific region , Noting that while there are some members and associate members in the region benefiting from e-commerce in promoting their economic growth , many other members and associate members still face difficulties in getting access to opportunities of these new technologies , Recognizing that urgent action is needed to narrow the gap in e-commerce capacities and ICT infrastructure within the UNESCAP region and within individual members and associate members to facilitate their respective integration into the world economic system , Considering government and the business sector , including the private sector , to be key partners in the development of e-commerce , and noting that the business sector should lead the development and use of ICT and e-commerce , while government should support and facilitate by promoting national e-commerce policy and strategies including , creating a legal and regulatory environment conducive to this development , Acknowledging that national ICT and e-commerce strategies must be based on the economic and social context of each member and associate member , we should also take into account experiences and lessons learned as well as international best and proven practices to ensure harmonization and interoperability with the developing global e-commerce systems , Acknowledging that successful ICT and e-commerce strategies need to take into account all relevant factors such as public awareness and education , universal access to ICT , physical and legal infrastructure development , human resources development , as well as financial , security and privacy aspects , Considering cooperation at the regional level to be of the utmost importance and necessity in ICT and e-commerce development process , we support the work undertaken in Asia Pacific regional frameworks and stress the importance of its continuation and integration into global e-commerce systems , Appreciating the work being carried out by UNCTAD , UNESCAP , and other UN bodies , including the UN ICT Task Force , ITU , WIPO , ITC and APT as well as other international and regional organizations in promoting the development and the use of ICT and e-commerce for economic and social development in accordance with the laws and regulations of signatory countries . " It will be particularly beneficial for lawyers working in heavily regulated industries such as telecommunications , pharmaceuticals , medical devices and medical practice as it will deepen their knowledge of the legal and regulatory environments in which they operate and assist them to put the required diligence systems in place .