RIGA - Dishonest retail trade companies that force unfair conditions on their suppliers will face penalties of up to 0.2 percent of their turnover, according to the Latvian Economy Ministry’s bill banning unfair commercial practices, approved by the government on Sept. 30, reports Nozare.lv. The bill aims to limit retail traders’ influence on suppliers and to balance out the interests of suppliers and retailers in retail trade.The restrictions laid down in the bill deal with the cost of concluding a contract, payment for having one’s products sold in a store, retai...
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