Mongolia supplies around 40 percent of the world raw cashmere demand and it is deemed that the domestic production of final cashmere products for exports would increase the economic values by five times and the export revenue alone to reach USD 1. Also, the proposed duty-free treatment by the USA to Mongolia cashmere products and 25 percent duty of China on knitted products are viewed as great opportunities to encourage exports. He also noted that promotion of non-mining exports is one of the main tasks of the MNCCI, for which attracting investment is an essential. The cashmere forum in China served as an important platform for Mongolia and China, which provide 90 percent of the global cashmere together, to talk about each of the cashmere markets and competitions with markets of other countries, define the adequate policy and raise capital. In , the Government of Mongolia launched a cashmere product to expand cashmere production, increase economic profits and create jobs in the cashmere industry and thanks to the program, more than jobs were added. Your comment was posted successfully! Thank you!
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