Manufacturers, Traders Sign Agreement to Curb Unfair Business Practices through Self-Regulation
Wednesday, 11 March 2015
An agreement to curb unfair business practices through self-regulation was signed on Tuesday between the Association for Modern Trade (AMT) and the Bulgarian Bread Makers and Confectioners Union, whose representatives met in the BTA National Press Club.
Mariana Koukousheva, President of the Chamber of Bread Makers and Confectioners, said the main objective is to remove the intermediaries between suppliers and traders, because their services cost too much. "We hope that the self-regulation mechanism will work in Bulgaria. We will devise a mechanism to oversee the implementation of our rules and if it does not begin to work in the near future, we will have to think of an alternative," Koukousheva said.
AMT Executive Director Yordan Mateev said there are two options: either the government intervenes in the relations between suppliers and traders, or they act on their own to regulate the market and enforce good trading practices. It is the second option that underpins Tuesday's agreement, Mateev said. AMT hopes to sign similar agreements with other sectoral organizations, the Association's Boiko Sachanski said. An agreement with the Confederation of Employers and Industrialists in Bulgaria (KRIB) will be concluded next week.