Mongolia: Tackling retail rights | Ubpost News: "Efforts by Mongolia’s government to improve conditions for increasingly wealthy local consumers bode well for the fledgling retail industry. There are concerns, however, that watchdogs and legislation will not be able to keep pace with the rapid growth of the industry.
A national consumer conference titled “The People are King” was held in November in Ulaanbaatar with the aim of educating both consumers and producers on the importance of product quality. Consumer representatives said that manufacturers should guarantee quality at the beginning of a product’s lifespan, and that distributors should not ignore reasonable demands by customers. More than 800 representatives from around the country attended the event, with many raising questions over consumer awareness regarding rights protection.
The main issue tackled at the conference – consumer protection – is expected to grow in importance as the retail sector plays a larger role in the economy. In the first quarter of 2012, wholesale and retail trade expanded by 51%, following growth of 70.5% in the final quarter of 2011."
'via Blog this'
