Fba And Retail Law Won't Be Passed

Excuse me if I have missed this, but it would appear that the amendments to the FBA and retail laws will not be passed by the current parliament.

Here's a clip from Wednesday's Business Post:

FBA and retail law won't pass

Commerce Minister Krirk-krai Jirapaet admitted yesterday that amendments to the Foreign Business Act and the new Retail and Wholesale Business Act would not be approved by the current government.

''The [National Legislative Assembly] only has two meetings left, and previous meetings were adjourned due to the lack of a quorum,'' he said.

Mr Krirk-krai said he was personally willing to push ahead with the two controversial bills, but said efforts to move the legislation forward had been undermined by various special interests.

Foreign businesses have been adamantly opposed to the proposed changes to the FBA, which include a more strict definition of foreign ownership to include shareholder rights.

Local and foreign retailers, meanwhile, are opposed to the retail law, which imposes restrictions on the construction of hypermarts and large stores to help reduce competition for traditional retail outlets.

B Post.

Link is here:-

B.Post

(P.S. I would have put this in the Press Clippings forum, but it seems that humble Mobi's are not allowed to open topics in such exalted places )

Edited December 21, 200718 yr by Mobi