Thailand exported gem and jewelry is increasing. However, if unwrought gold is excluded, the real export value will decrease. GIT advises Thai exporters to accelerate expansion into new markets.
AFTA is an agreement providing trade privileges to ASEAN member countries. The primary mechanism for promoting trade among the ASEAN members is the Common Effective Preferential Tariff (CEPT).
Thai government adjusted the structure of import duty on rough stones to increase competitiveness of Thai gem and jewelry industry, to promote as an international gem and jewelry trading center.
Baht appreciation should not be considered as the main factor for the change in Thailand’s gem and jewelry export value.