THAILAND: Government drops plans to restrict foreign retailers
Thailand has withdrawn plans to restrict the businesses of foreign retail stores over fears of trade retaliation from countries such as Britain and France. The controversial legislation was proposed in order to regulate foreign retailers and protect the country's smaller retailers. Several smaller Thai-owned shops and suppliers had accused foreign retailers of unfair pricing practices. The Thai government announced in August plans to restrict the opening hours of foreign retail outlets in a bid to protect domestic retailers. The plans were dropped, however, because Thailand began to fear that some countries would retaliate under international trade rules, endangering Thai export sales.
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