Saturday, April 04, 2020

E-commerce, mergers top priorities of Trade Competition Commission next year

Dec 28. 2019
Sakon Varunyuwatana
Sakon Varunyuwatana
Facebook Twitter


The Trade Competition Commission will focus on the e-commerce sector and the possible mergers of giant companies next year.

Chairperson Sakon Varunyuwatana said the commission would decide if new rules are needed in governing the fast growing e-commerce sector.

  However, if new regulations are to be issued, the commission would ensure that they will not have a negative impact on growth of the  sector, he said.    

  The business has high value with most of the trading  platforms located abroad.

  He said while the government promotes the e-commerce industry, there are reports of small online shops being taken advantage of by dominant players, adding that the commission will study the business structures of both local and foreign operators.

  According to the Electronic Transactions Development Agency, the value of e-commerce market in Thailand is expected to reach Bt3.80 trillion this year, up 20 per cent year on year.

  Sakon said the commission had set up a taskforce to closely monitor the  trend of merger and acquisition next year.

  Under trade competition law, companies need the commission's approval for such a move.

Facebook Twitter
More in Business
Editor’s Picks
Top News