Draft law on internal trade in Kyrgyzstan submitted for public discussion

Bishkek, June 25, 2019. /Kabar/. The draft Law "On internal trade in the Kyrgyz Republic", initiated by eleven deputies of the Parliament, has been submitted for public discussion since June 24, 2019.
The need to develop a new wording of the Law has arisen for a number of reasons.
The current Law "On internal trade" was adopted in 2002. Law enforcement practice shows that most of the provisions of the law have declarative character. The Law contains a minimum conceptual framework. Many of the key terms are either absent from the law or disclosed in secondary legislation.
Despite the growth of retail chains in Kyrgyzstan, their development also entails some negative phenomena. One of them is the unequal status and unfair conditions of interaction between suppliers of goods and trade networks. Trade networks, using their position, may dictate unequal and unfair conditions to their partner suppliers under contracts for the supply of goods. As the world practice shows the unequal and unfair practices of trading networks have a direct impact on reducing the willingness of suppliers to invest in new products or new production processes, which ultimately has a negative impact on buyers and the economy of the country as a whole.
The draft Law proposes to regulate relations between retail chains and suppliers of goods in order to create and maintain an economic balance between these subjects of trade activity and the harmonious development of internal trade in the Kyrgyz Republic.
The draft law includes the revised norms of the current legislation on internal trade, aimed at systematization and structuring of legal norms, and filling in the gaps of legal regulation.