JNA July/ August 2023

FOCUS 16 | JNA July/August 2023 | Bernardette Sto. Domingo 杜明高 | Member states of the Association of Southeast Asian Nations (ASEAN) continue to demonstrate steady growth and recovery amid ongoing macroeconomic and geopolitical challenges. Data from the International Monetary Fund showed that ASEAN’s gross domestic product (GDP) grew 5.7 per cent in 2022, with the gradual reopening of markets and resumption of travel. At the 42nd ASEAN Summit in Indonesia in May 2023, the group revealed that the ASEAN economy is targeted to grow by 4.7 per cent in 2023 and 5 per cent in 2024, propelled by robust domestic consumption, exports and accelerated recovery in services. Southeast Asia is also home to major manufacturers and exporters in the gemstone and jewellery trade, according to Suttipong Damrongsakul, chairman of the ASEAN Gems and Jewellery Association (AGJA). Low cost of doing business, talented manpower, manufacturing expertise and a market of around 680 million people also make the ASEAN market extremely competitive. Southeast Asian jewellers are upbeat about business prospects moving forward, supported by renewed plans to transform ASEAN into a global centre of jewellery manufacturing and gemstone production. 东盟珠宝商对业务前景持乐观态度,并重新 计划将东盟打造成珠宝和宝石制造中心。 东盟珠宝业蓬勃发展的机遇 ASEAN jewellery industry Glowing opportunities in Flags of the 10 ASEAN member-countries 东盟10个成员国的国旗

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