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IFA: New Consumer Commission 'Must Be Sufficiently Robust'

Published on Apr 2 2014 7:32 AM in Retail

IFA: New Consumer Commission 'Must Be Sufficiently Robust'

IFA president Eddie Downey has called on Minister Richard Bruton to ensure that the new Competition and Consumer Protection Commission is 'sufficiently robust'.

Commenting on the Competition and Consumer Protection Bill, which was launched on Monday, Downey told the Irish Examiner: “The IFA has campaigned for a long time on this issue, and the fact that the Government has finally published the legislation is progress. It is a first step and the legislation must be passed through the Oireachtas quickly.

“It must be sufficiently robust to restore equity to the food supply chain and curb the dominance of the retail multiples. The latest figures released show that the three major multiples control over 80% of the grocery market.”

The Bill is expected to be signed into law before the summer, with the IFA calling on the government to 'fast track' the legislation.

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