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    Gemma Mae C. Alde
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    Republic Act No. 8762 liberalized the retail trade business by repealing Republic Act No. 1180 which had placed restrictions. It aimed to create a more competitive retail environment and encourage foreign investment by removing barriers such as high capitalization requirements that had been imposed on foreign retailers. The new law also aimed to protect small retailers by preventing large supermarkets and chain stores from dominating the market.

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    Republic Act No. 8762 liberalized the retail trade business by repealing Republic Act No. 1180 which had placed restrictions. It aimed to create a more competitive retail environment and encourage foreign investment by removing barriers such as high capitalization requirements that had been imposed on foreign retailers. The new law also aimed to protect small retailers by preventing large supermarkets and chain stores from dominating the market.

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    7 views1 page

    Republic Act No

    Uploaded by

    Gemma Mae C. Alde
    Republic Act No. 8762 liberalized the retail trade business by repealing Republic Act No. 1180 which had placed restrictions. It aimed to create a more competitive retail environment and encourage foreign investment by removing barriers such as high capitalization requirements that had been imposed on foreign retailers. The new law also aimed to protect small retailers by preventing large supermarkets and chain stores from dominating the market.

    Copyright:

    Attribution Non-Commercial (BY-NC)
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    REPUBLIC ACT NO.

    8762 - AN ACT LIBERALIZING THE RETAIL TRADE BUSINESS,


    REPEALING FOR THE PURPOSE REPUBLIC ACT NO. 1180, AS AMENDED, AND FOR
    OTHER PURPOSES.

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