Export of “Gemstones” hit hard, original tax only 0-6.5%, GIT suggests finding alternative markets

Export of “Gemstones” hit hard, original tax only 0-6.5%, GIT suggests finding alternative markets

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Today (7 April 2024), Mr. Sumet Prasongpongchai, Director of the Gem and Jewelry Institute of Thailand (Public Organization) or GIT, said that the institute has analyzed the impact of the new US import tax on the Thai gem and jewelry industry and found that it will definitely affect the export of this product group to the US. In 2024, Thailand exported to the US with a value of 1,946.38 million US dollars, an increase of 14.51%, and in the first quarter of 2025, it continued to expand due to the acceleration of imports.

credit : สล็อต