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Thailand: New trade competition bill proposed

 |  July 21, 2015

The trade competition commission will face a major overhaul under the new trade competition bill approved by reform councillors on Tuesday.

Thailand has an antitrust law for 16 years but it has failed to take action against any company, prompting for the need for reforms.

The bill redefines “business operators” to cover companies, partnerships and juristic persons in the same group.

The term “companies, partnership or juristic persons in the same group” was also rewritten to cover more business types. The definition of a market-dominating business operator was also revised to take take into account market competition. The Trade Competition Commission will issue an order giving the definition of such businesses.

Full content: Bangkok Post

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