By EDWIN OKOTHMore by this AuthorDominant supermarket chains will face closer State scrutiny to protect suppliers from exploitation, Trade Principal Secretary Chris Kiptoo has said. The National Trade Policy launched yesterday aims at introducing regulations to police the retail sector, including giving guidelines on access to trade information and unfair competition. The retail sub-sector is currently entangled in heavy debt with two of the largest retail chains now faced with stock-outs. It recommends for the development of an enabling, business friendly-regulatory framework for retail trade subsector to encourage competitive and fair trade practices. Kenya also hopes to use the new policy framework to boost international trade and reduce the balance of trade that has been widening amidst tight competition from international trading partners.

Source: Daily Nation July 10, 2017 19:07 UTC