Planet Retail 25 September 2007
According to reports in the Thai press, citing a National Legislative Assembly member, Lt Jit Siratranont, the draft Retail and Wholesale Business Act is unlikely to be passed by this government, considering the short time left in its mandate. The Commerce Ministry draft received approval from the cabinet in May and it is now being deliberated by the Council of State. In parallel, the National Legislative Assembly introduced its own version, intending to speed up the passage of the bill. However, Lt Jit admitted that neither would become law within this administration as the government is expected to have only four months to work. Thanapon Tangkananan, president of the Thai Retailers Association, said that with or without the retail law, operators of modern retail trade stores would continue to expand their businesses.