Private sector sets priorities for law changes
The private sector's Joint Standing Committee on Commerce, Industry and Banking plans to propose a priority list for government amendments to economic laws.
It has given top priority to the Foreign Business Act and property laws. Thai Chamber of Commerce and Board of Trade chairman Pramon Sutivong said after a meeting of the committee that three categories of economic laws had been identified as needing amendment because they had become obstacles to business. Laws given priority include the Foreign Business Act of 1999, the Public Company Act of 1992, the Industrial Standards Act of 1968 and land and condominium laws. The second group of laws consists of the Competition Law of 1999, the Retail and Wholesale Act, industrial wastewater-discharge laws, the Credit Information Act of 2002 and bankruptcy laws. Although changes to these laws are important and will have an immediate effect on the business sector, changes may take time or a public hearing. The third group of laws includes pieces of legislation that will take some time to amend and enforce, such as those related to factoring and leasing. The committee also proposed that the government abolish the Goods and Services Price Act of 1999 and replace it with a trade-competition law. Pramon said these laws had become obstacles to trade and that changes would help promote efficiency. He said details of the proposed amendments to the different laws were being considered by the committee before it made an official proposal.
Chalida Ekvitthayavechnukul The Nation
|
