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Thailand's Low-Cost Export Rivals Gaining with State Support.
Byline: Yuthana Praiwan
Jun. 5--Local jewellery traders say they are losing export market share to low-cost foreign producers that receive strong support from their governments.
Rivals in China, India and Vietnam had full state support for the production of precious stones and ornaments, said Pramote Tiasuwan, vice-executive chairman of Pranda Jewelry Plc, the country's largest jewellery exporter.
As a result, they could produce goods at lower cost and with quality close to that of Thai products, Mr Pramote said at an industry seminar yesterday.
He projected the country's exports of jewellery and ornaments would grow by only 5 percent ...
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Source: HighBeam Research, Thailand's Low-Cost Export Rivals Gaining with State Support.