Myanmar Gems Entrepreneurs attending the 52th Bangkok Gems Expo to be held in Thailand from September 6 to 10 will enjoy a duty free policy on gems sales at the expo, according to the gem traders.
The Thai government normally collects 20 percent import tax on gems and jewellery, but the duty free policy will be in effect for 15 days before and after the Gems Expo.
"Thailand sent an invitation letter
concerning a duty free permit. But we will have to know whether the tax
is collected or not when we arrive. Myanmar gems traders were very
pleased to attend the gems expo held in Hong Kong. They didn’t collect
the tax and granted the permission for carrying and selling of gems
freely," said an official from Myanmar Gems Entrepreneurs Association.
Gems entrepreneurs from across South-East Asia, including Myanmar, will attend the Gems Expo and will get the approval for an import tax free permit from Tai Gem and Jewellery Trader Association.
The 52th Bangkok Gems Expo will run from September 6 to 10 displaying over 3,000 booths of gems and jewellery from across the region.
source: Eleven Myanmar
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