Retail Act : another attempt to pass the law

Will it go through this time ? Here is the last episode of the saga of the Retail Act (read here, and here)… And watchout : the NLA (National Legislative Assembly) might modify the text…

At least, it proves that the gvt really wants this law. ;-)

The Cabinet on Tuesday approved the long-awaited draft Retail Business Act, paving way for the National Legislative Assembly’s reading on October 22.

Commerce Minister Krirk-krai Jirapaet said the draft would be submitted for the NLA reading on October 22 as this government wants to enforce the law before the end of its term.

The retail business will also be governed by a committee chaired by the Commerce Minister. ” (Nation)

And other interesting details provided by TNA :

-the draft bill  stipulates that hypermarket giants like Makro, Tesco Lotus, Carrefour and Big C, must seek permission before opening a new branch on an area exceeding 1,000 square metres and with sales volume of over one billion baht.

-The bill also covers small outlets of hypermarkets like Lotus Express.

-The stipulations would not be retroactive but operators have to inform the authority of any new branch under construction.

-After the bill is passed into law and enforced, the Commerce Ministry will issue a ministerial regulation outlining relevant details including the distance of a hypermarket from a city centre and its business hours. 

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