New Wholesale Market Law Draft Submitted to Parliament
· GıdaTarım
The new 9-article Wholesale Market Law draft, jointly prepared by four ministries, aims to eliminate intermediaries in the supply chain and impose prison sentences for exorbitant price hikes.
Parliamentary work has begun on the Wholesale Market Law regulation, jointly prepared by the Ministries of Treasury and Finance, Trade, Agriculture and Forestry, and Labor and Social Security. The draft, reduced to 9 articles from approximately 30 through work carried out by the AK Party Group and ministry bureaucrats, aims to tightly regulate the supply chain extending from the field to the table.
With the new legal regulation, the aim is to prevent product transfers from one intermediary to another and to remove intermediaries from the chain, while strengthening producer organizations and mandating domestic products on retail shelves. Those who do not comply with the rules aimed at preventing excessive price increases will face administrative fines as well as prison sentences.