June 10, 2016
Recently, the Cabinet passed a resolution that amends Thailand’s Trade Competition Act B.E. 2542 (1999). The draft amended law has since been submitted to the National Legislative Assembly for further consideration. Businesses should be aware of and prepare for the major changes ahead, as the newly proposed law may become effective at the end of this year.The Office of Thai Trade Competition Commission (OTCC) is the main enforcer of Thailand’s Trade Competition Act. Overall, the Act aims to regulate fair competition among business operators in the following key areas: