Retail in Asia

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Thai retailers oppose draft bill, claim modern outlets harmed

The Thai Retailers Association (TRA) opposes a draft retail bill by the government, saying it would be unfair for many retailers and particularly modern trade.

President Busaba Chirathivat on Monday said the draft law appeared biased, as it would strictly control only modern trade operators.

Moreover, the law would freeze growth in the local retail sector and block several retailers from capitalising on the ASEAN Economic Community in 2015 due to business limitation and a lack of government support.

(Source: Bangkok Post )