Consumers shop for essential items at a modern trade outlet. A public consultation by the TCCT to set fair trade regulations is happening this month. Nutthawat Wicheanbut
The Office of the Trade Competition Commission has organised a public consultation to develop regulations overseeing modern trade and credit terms.The consultation is being conducted from July 31 to Aug 31 through the Trade Competition Commission of Thailand (TCCT) website.
According to the proposal, the wholesale and retail markets are highly concentrated, with a few large conglomerates dominating the sectors.
The office found some operators' business practices may lack sufficient consideration of fair trade, integrity and social responsibility, potentially affecting manufacturers and distributors.
The proposed framework outlines 20 measures to regulate the wholesale and retail sectors, in a bid to promote social responsibility. The measures include establishing guidelines for responsible business practices based on operator size, such as revenue.
