Question

U.S. citizen tourists entering Thailand and Thai citizen who wants to travel to the US

1. What is the issue beteween both explain about Competition Policy Across Nations?

Answer 1

United States and Thailand established relations in 1818 and signed a Treaty of Amity and Commerce in 1833, formalizing their relations. Thailand is a long-time military ally and a significant trade and economic partner for the United States. For many years, Thailand was seen as a model democracy in Southeast Asia, although this image, along with U.S.-Thai relations, has been complicated by deep political and economic instability in the wake of two military coups in the past nine years. First in 2006, displaced Prime Minister Thaksin Shinawatra, second, in 2014, deposed an acting prime minister after Thaksin’s sister, Yingluck Shinawatra, was ousted from the premiership by a Constitutional Court decision that many saw as politically motivated.

Competition policy has an important role to play in developing countries, both in promoting a competitive environment and in building and sustaining public support for a pro-competitive policy stance by the government. Liberal trade and investment policies are a key element of a good competition policy, and priority should be given eliminating barriers to trade and FDI. However, in many sectors of the economy the threat of foreign competition will remain limited, and there is need to apply competition law to ensure that firms do not behave collusively and that market power is not exploited.