Logo
TH | EN

From online Webinar on “Thailand Economic 2021 Insight and the Impact of Global Economic on Thai Economic” on March 4, 2021, which had hold by Thai Gem and Jewelry Traders Association (TGJTA) cooperated with The Gems, Jewelry and Precious metal Confederation of Thailand (GJPCT).

Ms. Pornpen Sodsrichai, Director, Macroeconomic Office presented that the Thai economy overview is likely to recover but it is not cover every sector yet because it takes time to recover. However, the recovery will be obvious in 2022, for both the export and service businesses but it depends on the opening country and tourist policy, as well as the thorough vaccination. Moreover, it is expected that Measures to open the country for welcome foreigners would be gradually stepped by step and, it might start with business group and investors to be able to control get in and out and, prevent the new infection from foreigners effectively before welcome the general tourist.

Gem and Jewelry businesses, it shown that foreign purchasing power in the gems and jewelry sector has improved as the international economy is getting better than in 2020, especially the US market. Due to the economic stimulus of Joe Biden, the new president of the United States which makes the world trade atmosphere better as well.

For adaptation to New Normal during the business recovery after the epidemic of Covid-19 crisis, entrepreneurs have to cooperate with the government and prepare the skills for labor, improve the skills of the labor group for expanding business in the future including the competitive adaptation in the Covid-19 situation which is motivated factor in many businesses adjust to a digital system (Digitalization) such as a product trading platform by adjusting work processes to be digitized (Digitalization) in the business that can support the business.

Related Post

From Precious Mines to Your Hands: A Deep Dive into the World's Most Beloved Colored Gemstones

From Precious Mines to Your Hands: A Deep Dive into the World's Most Beloved Colored Gemstones

Discover the story behind the world's most beloved colored gemstones. Explore key gem mines from Myanmar to Colombia and understand Thailand's role as a global hub for trading and gem cutting.

JA Heads to DC to Discuss Exclusion of Diamonds from Tariffs 

JA Heads to DC to Discuss Exclusion of Diamonds from Tariffs 

CEO David Bonaparte was among delegates who met with Trump’s senior counselor for trade and manufacturing.

GJPCT & TGJTA Partner with Sri Lanka, Host Thailand - Sri Lanka Colorstone Night | FACETS to Boost Gem Trade

GJPCT & TGJTA Partner with Sri Lanka, Host Thailand - Sri Lanka Colorstone Night | FACETS to Boost Gem Trade

GJPCT and TGJTA hosted the 'Thailand - Sri Lanka Colorstone Night,' uniting Thai-Sri Lankan entrepreneurs to promote colored gemstone trade, innovation, and legal knowledge for a sustainable industry.

© 2021 TGJTA All Rights Reserved.