According to reports in the Thai press, Casino owned Big C and Tesco Lotus have criticised the new retail business legislation, arguing that the country’s first retail act does not treat all stakeholders, particularly consumers, equally.
Praphan Eamrungroj, senior vice president for properties at Big C, said that drafting the new retail business act needed an in-depth knowledge and understanding of the retail business. "We will agree if the framework of the new retail act is fair and all stakeholders are treated equally. The new act should benefit consumers overall," said Praphan. He said the new retail business act did not consider consumers and the benefits they should get. Consumers, he said, are one of the most important stakeholders in the retail system. Praphan said that the main principle of this retail business act referred only to business people, particularly the protection of small traditional retailers.
"In my view, individual consumers should benefit from the new retail act as they pay tax to develop the country," he said. Darmp Sukontasap, senior vice president of Tesco Lotus, said it was encouraging to learn that the National Legislative Assembly had been willing to include representatives of all stakeholders in the retail and wholesale business in a committee to review the draft retail and wholesale law.
"As I have stated before on many occasions, we have no objection if the government sees fit to have a law to govern the retail and wholesale business. However, the law should be fair and transparent and treat everyone equally. If the objective of the law is to increase the competitiveness of the traditional shops, the measures should be clearly spelled out. Such measures should truly benefit the traditional shops and not large suppliers and their wholesaler networks. Most importantly, the law should be clear about how consumers would benefit from it."
From:http://www.planetretail.net/default.asp?PageID=EAlert&Article=60387&Date=2007-11-26
***New Business Knowlegde Network By Dr.Danai Thieanphut
1. Business Management
2. Family Business
3. The Business Knowledge Mangement of Thailand
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