Mrs. Prapee witnessed the MoU signing, the first "mini-FTA" with Kofu city in Japan to promote cooperation in the gem and jewelry industry.

On Monday, July 12, 2021. Mrs. Prapee Sorakraikitikul, Chairman of Committee on Trade Association of Gem, Jewelry and Precious Metals, witnessed the Memorandum of Understanding (MoU) signing to form a mini free trade agreement (mini-FTA) with Kofu city in central Japan in order to promote cooperation in the gem and jewelry industry by the two entities. In an online conference, the Ministry of Commerce signed a MoU with the city of Kofu, Yamanashi Prefecture, Japan, to establish a partnership between the gem and jewelry industries of Thailand and the Japanese city. The agreement aims to promote business development in the gems and jewelry industry in terms of marketing, technology transfers, business networking, and trade fairs, as well as increasing the value of sales on both sides.

Mr. Jurin Laksanawisit, Ministry of Commerce, said that the agreement is an opportunity for Thailand to increase the value of jewelry exports. He believes the new partnership should increase opportunities to expand trade, investment, and economic cooperation between Thailand and Kofu city, notably in gems and jewellery, for which Kofu is renowned. This deeper cooperation is estimated to increase the trade value in gems and jewellery between Thailand and Japan. The MoU signing is expected to bring about several mutual benefits to Thailand and Japan, whether it involves manufacturing, joint marketing, or technology transfers.

In this event, Mr. Boonyarit Kalayanamit, Permanent Secretary, Ministry of Commerce together with Mr. Suriyon Sriorathaikul, Chairman of Gem and Jewelry Industry Club, the Federation of Thai Industries, and Mr. Sumed Prasongpongchai, Director of the Gem and Jewelry Institute of Thailand, witnessed the signing.