The Thai government announced the lift of 20% tax on imported gems and jewellery products to be sold at the 54th Bangkok Gems and Jewellery Fair (BGJF54) this coming September.
Because of this, foreign exhibitors will be allowed to bring in and sell gems and jewellery from other countries duty-free, while local exhibitors can reduce their selling prices after cutting down on imported parts and products’ costs. Local and foreign buyers can thus take advantage of 20% savings, giving them additional purchasing power at the Fair.