Thailand's gems, jewellery exports projected to up 15-20 percent in 2022
Thailand's gem and jewellery exports excluding gold are forecast to grow by 15-20 percent in 2022 thanks to the global economic recovery, increasing economic activities as well as less severe symptoms caused by the Omicron variant.
Bangkok (VNA) - Thailand's gem and jewelleryexports excluding gold are forecast to grow by 15-20 percent in 2022 thanks to theglobal economic recovery, increasing economic activities as well as less severesymptoms caused by the Omicron variant.
According to director of the Gem and JewelryInstitute of Thailand (GIT) Sumeth Prasongphongchai, many trading partners ofthe country adjusted their safety policies to allow more open tradingconditions.
In addition to more vaccination coverage worldwide, the Omicron variant islikely to generate less severe symptoms, resulting in increased economicactivities and rising demand for gems and jewellery products, he said.
Last year, Thailand's gems and jewellery exports rose by 26.9 percent from the year before.
Markets that recorded strong export growth included the UK(up by 135 percent from last year), Switzerland (up 70.4 percent), India (up60.7 percent), the US (up 51.3 percent), the United Arab Emirates (up 29.8percent), Belgium (up 21.2 percent), Australia (up 10.7 percent) and Japan (up6.49 percent).
Gem and jewellery exports ranked fifth in terms of total shipment value lastyear after automobiles and parts, computers and parts, rubber products, andplastic pellets. This industry employs more than 700,000 workers.
💖 Sumeth said that the International Chanthaburi Gemsand Jewelry Festival 2021-2022, held on February 4 with over 250 exhibitors, mayhave generated revenue of more than 60 million baht (1.86 million USD) forlocal traders./.
Thailand will soon launch a travel bubble with India, aiming to attract high-value young Indian visitors who can make a significant contribution to the recovery of its tourism-dependent economy.
The National Electric Vehicle Policy Committee (NEVPC) of Thailand planned to submit a proposal on incentive for investment in developing electric vehicle (EV) industry to the Thai government on February 15.
The Royal Thai Police has established a special taskforce, called “IUU Hunter”, to monitor and control the fishing industry and stop illegal, unreported and unregulated fishing (IUU) in Thailand's territorial waters.
The Trade Negotiations Department of Thailand targets concluding the negotiation framework on a free trade agreement (FTA) with the EU this year and wrapping up FTA negotiations with Turkey and Pakistan.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Illustrative image (Photo: //www.bangkokpost.com) 
