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| Thai industry leaders at the DMCC, from left: BGJF CEO Somchai Phornchindarak, DMCC Executive Chairman Ahmed Bin Sulayem, TGJTA President Vichai Assarasakorn, TGJTA First Vice President Prapee Sorakraikitikul and TGJTA Vice Chairman of the Advisory Board Komson Opassathavorn. |
Thailand, one of the world's leading gem and jewelry producers, is looking to add the Middle East to its growing list of export frontiers, based upon the region's high consumption of jewelry, strong purchasing power and booming economy.
Thailand participated in the MidEast Watch and Jewellery Show that took place in Dubai, United Arab Emirates, in April, and the Thai Gem and Jewelry Traders Association (TGJTA) is now working with the Dubai Multi Commodities Centre (DMCC), a trade association, on the possibilities of Thai operators setting up offices in Dubai and establishing sales outlets in the DMCC's Gems Club later this year.
"We are moving systematically into the Middle East, initially through Dubai in the United Arab Emirates," TGJTA President Vichai Assarasakorn said in a press release issued on Thursday.
Dubai also offers the potential to be a stepping stone for Thai jewel firms to enter the region, thanks to its role as the economic center in the Gulf and its liberal trade and investment systems, he said.
The DMCC has agreed to dispatch experts to disseminate information and data about the jewel market in the Middle East to Thai industry members at the 42nd Bangkok Gems and Jewelry Fair, to be held from Sept. 11-15, 2008.
Source: jckonline
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