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ARTICLE · 25 FEBRUARY 2010

Thailand to Overhaul Trade Competition Law

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Criticised for being ineffective, the Trade Competition Act B.E. 2542 of Thailand ("Trade Competition Law") is facing an overhaul.

ThailandAntitrust/Competition Law
Chitanong Poomipark
Chitanong Poomipark
Manuswi Intaranont
Manuswi Intaranont
Sivinee Thanapase
Sivinee Thanapase
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Originally published 24 February 2010

Keywords: Thailand, Trade Competition Act, Trade Competition Law, unfair trade practices, overhaul, Ministry of Commerce

Criticised for being ineffective, the Trade Competition Act B.E. 2542 of Thailand ("Trade Competition Law") is facing an overhaul. The law regulates trade by restricting monopolistic and unfair trade practices in Thailand to level the playing field for all business players - large, medium and small - for the benefit of free and fair competition in the market. The Ministry of Commerce is expected to propose amendments to the Cabinet before May 2010.

The Trade Competition Law

Criticised for being ineffective, the Trade Competition Law, in force for more than a decade, is facing an overhaul. Promulgated on 30 April 1999, the Trade Competition Law replaced the Price Fixing and Anti-Monopoly Act of 1979.

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