9 Dec 2022
Econ Digest
On November 22, 2022, the Thai Cabinet approved in principle the draft Product Liability Act B.E., which mandates operators to take responsibility for product defects for two years from the delivery date in order to protect consumer rights, especially for technology products where defects are hard to detect at the time of purchase, including a wide range of electrical appliances widely used by consumers. If such draft Act is passed in the parliament and enforced, it should help drive the Thai electrical appliances market towards products with higher standard quality, but will have little impact on the operating cost of operators, especially those that already have produced or sold qualified products.... Read more
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