The US House Of Representatives Proposes The "Mongolia Trade Act" To Open Mongolia KASHMIR WOOL Tax Free Transmission To The United States.

According to CNN and Just-Style media reports, Mongolia produces 48% of the world's Kashmir wool and is the second largest supplier in the world. However, 85% of the woolen materials are exported to mainland China and other countries at low prices.

US Republican congressman Ted Yoho and nine other members of the house put forward the "Mongolia third neighbouring trade act" in this (2019) April (Mo "Ngolia Third Neighbor Trade Act", although Mongolia is close to mainland China and Russia, but the United States and Mongolia have a democratic state partnership, and the United States can be Mongolia's "third neighboring countries". The above bill is intended to open up the zero tariff export and sale of Kashmir wool and textiles in Mongolia, and is supported by many clothing brands in the United States. It is expected to create 40 thousand job opportunities for Mongolia and practice the strategic objectives of President trump.

US President trump met with Mongolia President Khaltmaagiin Battulga at the White House in July 31st this year, announcing the strategic partnership between the two countries. Because more than 9 of Mongolia's import and export trade is dependent on mainland China, the United States is also looking forward to helping Mongolia to open up other markets for strategic consideration. The loss of wool from cashmere is one of the key discussions between the United States and Mongolia.

The United States is the world's second largest consumer of high end Kashmir wool products. Gobi Corporation, the largest Kashmir manufacturer in Mongolia, announced plans to set up subsidiaries in California Losangeles, Mongolia, this year before the president of the United States visited the United States, and set up an e-commerce platform to serve us customers in Mongolia. Mongolia went to (2018) to sign a $350 million contract with the US Millennuim Challenge Corporation to repair Mongolia's capital water infrastructure.