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ARTICLE · 05 JUNE 2001

The Trade Competition Act

Tilleke & Gibbins
Tilleke & Gibbins
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Tilleke & Gibbins

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ThailandInternational Law

On February 10, 1999, the Thai Parliament adopted the "Trade Competition Act" with the aim of creating fair competition among private enterprises in Thailand.1 The Trade Competition Act (the "Competition Act") came into effect on April 30, 1999, thirty days after its publication in the Gov-ernment Gazette on March 31, 1999.

The Competition Act applies to all enterprises and business activities in Thailand with the exception of state enterprises, cooperatives, agricultural and cooperative groups, government agencies, and certain enterprises exempted by the Act. It replaces the old "1979 Price-Fixing and Anti-Monopoly Law" which did not provide proper protection for consumers and small businesses, especially with the privatization process presently being undertaken in Thailand.

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