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Policy of President of the TGJTA Board of Directors for the Fiscal Year 2024 – 2026

at the Office of TGJTA
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As the President of TGJTA, I am committed to advancing Thailand’s position as a global leader in the gem and jewelry industry, transforming it into a vital economic pillar and establishing Thailand as the premier international trade platform for gems and jewelry. Central to this vision is innovation, infrastructure development, and leveraging strategic initiatives like the Gemports Project to redefine the role of gems and jewelry in the global economy. 

Key Objectives: 

  1. Establish Thailand as a Global Hub: Solidify Thailand’s reputation as a world-class trade platform by hosting leading exhibitions, streamlining logistics, and fostering an ecosystem of excellence and collaboration. 
  2. Strengthen Competitive Advantages: Enhancing Thailand’s global competitiveness.
    • Advocate for favorable tax reforms to solidify competitive advantage. 
  • Enhance export-import benefits and reduce regulatory bottlenecks, enabling Thai  businesses to thrive globally. 
  • Promote superior craftsmanship and innovative practices to ensure Thailand remains a leader in quality and value. 
  1. Elevate the Industry as an Economic Pillar:  Position gems and jewelry as a key contributor to Thailand’s GDP by increasing exports, creating employment, and fostering SME growth. 
  2. Promote the establishment of a free B2B diamond trade policy.
  1. Promote Thailand as the regional hub for jewelry production in Asia by attracting new partner countries to establish manufacturing bases in Thailand, such as China, India, Japan, and Turkey.
  1. Transform Gems and Jewelry into Investment Assets through the Gemports Project: 
    • Standardization: Develop universal standards for gems and jewelry to enhance their credibility as investment assets. 
    • Platform for Transactions: Create a transparent, efficient platform that facilitates secure, global trading of gem and jewelry assets, making them more accessible to all stake holder. 
    • Education and Awareness: Promote the concept of gems and jewelry as stable, high-value investment options to local and international markets. 
    • Partnerships: Collaborate with financial institutions, asset management firms, and

  regulators to integrate gems and jewelry into mainstream investment portfolios.

  1. Target Market Focus: Drive exports and partnerships in key regions, including China, India, the U.S., the EU, and the Middle East, using tailored approaches to meet market-specific demands and cultural preferences. 
  2. Explore New Opportunities: Identify emerging markets and develop innovative products and services, leveraging digital solutions to increase accessibility and brand recognition globally. 
  3. Sustainability and Ethics: Commit to ethical sourcing, environmental responsibility, and social accountability to meet global standards and consumer expectations.  

By implementing these strategies, TGJTA will not only elevate Thailand’s gem and jewelry industry but also transform it into a driver of sustainable economic growth and a globally recognized investment asset class.

 

 

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