Thai Commerce Ministry to crack down on illegal foreign traders

[webfact]

Commerce Ministry to Crack Down on Illegal Foreign Traders
BY JACOB MASLOW



BANGKOK: -- Thailand’s Commerce Ministry is working with law enforcement to crack down on nominees of foreign companies that are infringing on the rights of local businesses protected by the FBA (Foreign Business Act).

The crackdown follows a string of complaints from businesses who are feeling the effects of business firms doing business that is rightfully protected by the FBA through Thai nominees.

Chutima Bunyapraphasara, permanent secretary of the Commerce Ministry, said operators have been filing complaints against Chinese traders who have entered the Thai market to sell wholesale fruits in Chiang Mai and Chanthaburi. These key areas produce fruits, such as longan and durian.

Full story: https://ethailand.com/business-news/commerce-ministry-to-crack-down-on-illegal-foreign-traders/1637/

-- eThailand 2016-03-01

[selftaopath]

Ahhhhhhhhhh good one. I didn't finish the 1st sentence before I began laughing. Why? The term "law enforcement" cracked me up. lol Most who live here will understand. Law enforcement.... good one. :-)

[northernboy]

How dare those Chinese try to stop the control of the past immigrant Chinese on being the major only players in the fruit middle men game. What the consumer's price of fruit may drop, and the producers might get a better price for their crop. The outrage!

[gandalf12]

Being a full member of ASEAN and signing the TPP will force things to change for sure. Be interesting to see just how Thailand handles the changes

[Srikcir]

complaints from businesses who are feeling the effects of business firms doing business that is rightfully protected by the FBA through Thai nominees.

Aside from the pure illegality of foreign nominees of Thai companies, how are pure thai-owned companies being harmed?

Unless the alleged Chinese nominee Thai companies are illegally importing fruit or dumping surplus foreign fruit into the Thai market in order to undercut the market value of fruit, they will be on par with Thai domestic suppliers in terms of profit margin and cost. Apparently the problem for the pure Thai-owned companies is just plain competition for a limited demand.

The greater problem may be that the FBA encourages Price Fixing among Thai companies. When a company is willing to offer open market competition through lower profit margins and costs through more efficient operations, it will effect sales of companies that are tied to price collusion.

NonThai ASEAN-owned businesses may cause further problems for Thai businesses as they should not be bound by FBA. Thailand as the self-proclaimed Hub of ASEAN may have to leave ASEAN to protect its Thai-owned businesses.

[Rorri]

complaints from businesses who are feeling the effects of business firms doing business that is rightfully protected by the FBA through Thai nominees.

Aside from the pure illegality of foreign nominees of Thai companies, how are pure thai-owned companies being harmed?

Unless the alleged Chinese nominee Thai companies are illegally importing fruit or dumping surplus foreign fruit into the Thai market in order to undercut the market value of fruit, they will be on par with Thai domestic suppliers in terms of profit margin and cost. Apparently the problem for the pure Thai-owned companies is just plain competition for a limited demand.

The greater problem may be that the FBA encourages Price Fixing among Thai companies. When a company is willing to offer open market competition through lower profit margins and costs through more efficient operations, it will effect sales of companies that are tied to price collusion.

NonThai ASEAN-owned businesses may cause further problems for Thai businesses as they should not be bound by FBA. Thailand as the self-proclaimed Hub of ASEAN may have to leave ASEAN to protect its Thai-owned businesses.

Srikcri, show me where in law it actually backs your comment "Aside from the pure illegality of foreign nominees of Thai companies," fact is, there is NO law forbidding it.

[selftaopath]

complaints from businesses who are feeling the effects of business firms doing business that is rightfully protected by the FBA through Thai nominees.

Aside from the pure illegality of foreign nominees of Thai companies, how are pure thai-owned companies being harmed?

Unless the alleged Chinese nominee Thai companies are illegally importing fruit or dumping surplus foreign fruit into the Thai market in order to undercut the market value of fruit, they will be on par with Thai domestic suppliers in terms of profit margin and cost. Apparently the problem for the pure Thai-owned companies is just plain competition for a limited demand.

The greater problem may be that the FBA encourages Price Fixing among Thai companies. When a company is willing to offer open market competition through lower profit margins and costs through more efficient operations, it will effect sales of companies that are tied to price collusion.

NonThai ASEAN-owned businesses may cause further problems for Thai businesses as they should not be bound by FBA. Thailand as the self-proclaimed Hub of ASEAN may have to leave ASEAN to protect its Thai-owned businesses.

A more typical approach to any/all contracts is to ignore/deny it. Do many here adhere fully to any contract - either verbal or written?