IACM to consider terminating contracts in advance for unqualified suppliers of wholesale market

As the wholesale market shifts location to its new home, IACM is studying how to create a review mechanism to shift out older renters who don’t meet qualifications, in order to open up more spaces for new arrivals.
Responding to an interpellation by unionist and legislator Ella Lei Cheng I, IACM informed that it will prioritize suppliers from the old market in moving to the new location at the Cross Border Industrial Zone in Ilha Verde. Old suppliers will be arranged to the same corresponding floors as at the old market, but given that store numbers are different per floor in the new location, locations of stores for old suppliers would be determined by negotiations between the market’s contracted operator and suppliers, taking into consideration factors relating to business modes as well as the interactions between suppliers.
For negotiations that fail to reach a consensus, operators will consider drawing lots to determine store arrangements.
The Bureau pledged in its response that it will perform stringent monitoring to ensure fairness. Meanwhile, new suppliers already on waiting lists will enter the new market to fill up all the stores.
Earlier this month, the head of IACM, José Tavares, assured that related parties will try to finish the relocation to the new wholesale market by September of this year.
The new market has already attracted some 105 applicants, according to the contractor of the project – Guangdong Nam Yue Group.
IACM stated that it will discuss the improvements of the market’s operations and monitoring mechanism with the operator, prior to the expiry of the operation contract in 2022.