United States Trade Representative Michael Froman and Mongolia's Minister for Foreign Affairs, Luvsanvandan Bold, today signed an Agreement on Transparency in Matters Related to International Trade and Investment between the United States of America and Mongolia at a ceremony in New York. The U.S.-Mongolia Transparency Agreement applies to matters relating to international trade and investment and includes joint commitments to provide opportunities for public comment on proposed laws and regulations and to publish final laws and regulations. This publication commitment includes the obligation to publish final laws and regulations in English, which should make it easier for U.S. and other foreign enterprises to do business in, and invest in, Mongolia. ...
So Mongolia has agreed to publish its laws and regulations in English. Can we assume that the U.S. will publish in Mongolian?
Joking aside, I'm curious about readers' take on an issue. One of the big things the U.S. seems to be pushing is that other countries change their regulatory process to be more like ours (e.g., here, "provide opportunities for public comment on proposed laws and regulations"; but it could also involve things like cost-benefit analysis). What do people think of this idea in general? Is the U.S. regulatory process a model for others? Do other countries do some things better, and the U.S. should make changes of its own?