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TGJTA Holds Urgent Meeting to Address U.S. Import Tariffs Affecting Thailand’s Gem and Jewelry Industry

The Thai Gem and Jewelry Traders Association (TGJTA), led by Mr. Chomphol Phornchindarak, President of the Association, and Mr. Somchai Phornchindarak, President of the Gems, Jewelry and Precious Metal Confederation of Thailand, convened a meeting with association members and exporters in the gem and jewelry industry to address rising concerns over potential new import tariffs from the United States.

 

During the meeting, Members, Manufacturers, Exporters expressed significant concern over the possible impacts on Thailand's export sector, revenues, and employment. The discussion underscored the vital role the gem and jewelry industry plays in supporting the Thai economy and sustaining hundreds of thousands of jobs.

The participants emphasized the need to engage proactively with the Thai government to explore diplomatic and policy-level responses. One of the key proposals was to submit a comprehensive policy recommendation to the government. The aim is to safeguard the industry’s global competitiveness and encourage long-term investment in Thailand’s gem and jewelry sector.

 

 

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