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Thailand: NRC looks into trade monopolies

By  |  April 5, 2015

The NRC is seeking to overhaul the Trade Competition Commission in a bid to rid it of political influence and break business monopolies, the Bangkok Post reported Monday.

The move is part of multiple proposals raised by the panel on agriculture, industry, commerce, tourism and service reforms. Panel chairman Krirk-Krai Jirapaet told a recent NRC meeting that the 1999 TradeTrade Competition Act is meant to ensure fair competition and stop monopolies. But enforcement of the law is impractical, he said, so the Trade Competition Commission must be overhauled to shore it up against interference from politicians and interest groups.

 

Full Content: Bangkok Post

 

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