The American Gem Trade Association (AGTA) announced that the US and Thailand have reached a Framework for an Agreement on Reciprocal Trade — a key step towards strengthening bilateral economic ties and improving market access for exporters from both nations.
In an email, AGTA President Bruce Bridges and CEO John W. Ford, Sr. said the association has made securing Reciprocal Trade Agreements with Thailand and across Asia a top strategic priority to support the international coloured gemstone industry.
While tariffs on loose coloured gemstones from Thailand have not yet been reduced to zero, AGTA has formally petitioned the Office of the US Trade Representative (USTR) to include loose precious and semi-precious gemstones under Annex III of Executive Order 14346, which covers Potential Tariff Adjustments for Aligned Partners (PTAAPs). If approved, this would establish a zero-percent reciprocal import tariff rate for qualifying gemstone shipments entering the US.
The implementation process and timeline are expected to follow the model of the recent US-EU Reciprocal Trade Agreement, with a formal announcement to be published in the Federal Register once the agreement and PTAAP adjustments are finalised.
AGTA remains optimistic as Thailand and Vietnam, two key gemstone source countries, advance towards formal trade agreements, paving the way for others such as Sri Lanka to follow. The association’s Washington, D.C. team continues to engage with additional gemstone-producing nations to expand these opportunities.
Offical Facebook account of heerazhaveraat.com, homepage for Trade News, Articles and Promotion of D
✨ ONLY 6 DAYS TO GO! ✨
DJGF 2026 is almost here! 💎
750+ Exhibitors | 2,00,000+ Designs | 5 Halls
📅 26–28 Sept 2026
📍 Bharat Mandapam, New Delhi
Discover collections, connect with industry leaders & unlock new opportunities.
🔗 Register Now: https://djgfregistration.jewelleryfair.in/exhibitor_reference_registration/?ref=marketing
Heera Zhaveraat (HZ International) A Diamond, Watch and Jewellery Trade Promotion Magazine provide dealers and manufactures with the key analytical information they need to succeed in the luxury industry. Pricing, availability and market information in the Magazine provides a critical edge.
