Thailand: Adopted Trade Competition Act (B.E. 2560) including anti-competitive agreements regulation

On 24 March 2017, the Trade Competition Bill was adopted by the National Legislative Assembly. The Bill replaces the previous Trade Competition Act (B.E. 2542) and introduces exemptions for central, regional, or local administrations, state-owned enterprises, public organisations, farmer groups, cooperatives, and businesses regulated under other sectoral laws. The Bill prohibits business operators from using their dominant market position to fix prices, limit production, obstruct competition, or engage in unfair trade practices. Furthermore, businesses are prohibited from entering into joint agreements that would restrict competition in a market.