Part 4/7:
Meanwhile, business leaders are united in their call for regulatory reforms as part of the broader effort to boost economic productivity. They are advocating for a 25% reduction in red tape and are calling for a formal review of the taxation system. These measures are seen as ways to remove unnecessary barriers, streamline processes, and create a more conducive environment for growth.
"We've got to focus on red tape. I’m glad somebody is finally raising that issue," says an industry representative. The emphasis on reducing administrative burdens reflects a shared belief that simplifying regulations can unlock increased efficiency and innovation.