A raft of new laws to boost the local economy is in the pipeline and will be passed before the end of the year, according to a senior public official.
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Mao Thora, secretary of state at the Ministry of Commerce, told Khmer Times on Tuesday that the E-commerce and Consumer Protection laws have already been sent to the Council of Ministers, who will review the drafts on Friday before passing them on to the National Assembly and then the Senate. As a last step, King Norodom Sihamoni will sign the documents.
“The work on the bills is done, and Prime Minister Hun Sen will chair the meeting on Friday this week to discuss the drafts,” he said.
The Competition Law is at an earlier stage, with the ministries having recently finished discussing it, Mr Thora said. He said it aims to help consumers purchase goods and services at fair prices, as well as increasing the quality and variety of the offer available to them.
Finally, he pointed out that the Contract Law, which deals with franchises, is now being reviewed by the ministries.
“These four laws will come into effect before the year ends,” he stressed.
When asked which law is most critical to help improve commerce in the country, Mr Thora said they are all equally important.