Tuesday, 15 November 2011

News Brief: Fair Trade Commission criticised over coffee fines

Following the imposition of fines recently by the Fair Trade Commission on convenience store chains for coordinated raising of coffee prices, a legislator yesterday criticised the FTC in the legislative Yuan, the Liberty Times reports today (Chinese-language article here).

Democratic Progressive Party legislator Li Jun-yi (李俊毅) said that since it was unable to make vendors return prices to their original levels, the FTC should join Premier Wu Dun-yi's (吳敦義) list of "incompetent" government agencies.

FTC chairperson Wu Shiow-ming (吳秀明) responded that forcing vendors to lower prices would be degenerating into populism (淪為民粹).

                                                                                              Text and photos © Jiyue Publications 2011

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