19th Global Symposium for Regulators turns spotlight on the future of regulation

19th Global Symposium for Regulators turns spotlight on the future of regulation

Regulators and experts from all over the world are in the Pacific island of Vanuatu from 9-12 July to discuss the future of regulation at the 19th edition of the Global Symposium for Regulators (GSR-19).

In a fast-changing ICT landscape − with new technologies like Artificial Intelligence, Blockchain, the Internet of Things and 5G, as well as new business and investment models − GSR-19 highlights the need for strong partnerships, innovative regulatory tools, and approaches, and for collaborative regulatory mechanisms across sectors to help connect the remaining 3.7 billion people who are still not using the Internet.

“ITU has developed the key concepts of ‘collaborative regulation’ and ‘fifth-generation regulation’ to describe the need for ICT policy and regulatory frameworks to be inclusive, up-to-date, flexible, incentive-based, evidence-based, decision-oriented and market-driven,” said ITU Secretary-General Houlin Zhao. “At stake is the regulators’ ability to unlock investment to support growth, jobs, innovation, and digital transformation across sectors and regions.”

Organized by ITU, in collaboration with the Government of Vanuatu, GSR-19 will discuss, among others, digital strategies and policies, infrastructure regulation, innovative investment and financing mechanisms, spectrum, preparing for 5G and the changing role of the consumer.

For the first time, GSR will welcome the Broadband Commission for Sustainable Development. Commissioners will set the scene and share views on the best approach to bringing the next 3.7 billion people online.

“It is important for us regulators, especially for Small Island States, to collaborate with the respective Governments to create and maintain a regulatory environment that will not only bring the remaining 3.7 billion people online but also ensure the market environment is fair and allows innovation,” said Mr Brian Winji, Chairman of GSR-19 and Regulator of the Republic of Vanuatu. “The market environment should sustain competition and offer choices for our citizens.”

GSR-19 will culminate in the adoption of the GSR Best Practice Guidelines. Under the theme “Fast forward digital connectivity for all,” the guidelines will be key in setting the future direction of ICT development and digital transformation for all.

Original source: ITU
Published on 10 July 2019