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Mongolia Trade Facilitation: Duty-Free Cashmere and Textile Imports

This act aims to boost trade between the U.S. and Mongolia by authorizing duty-free treatment for certain imports from Mongolia, primarily cashmere and textile products. This is intended to support Mongolia's economy, especially its garment industry, potentially creating new jobs, including for women. For U.S. citizens, this could mean more choice and potentially lower prices for cashmere products.
Key points
Elimination of duties on imports of cashmere and selected textile products from Mongolia to the U.S.
Support for Mongolia's economy, particularly its garment industry and cashmere herders, potentially reducing poverty.
Potentially greater availability and lower prices for cashmere products for U.S. consumers.
Requirement for Mongolia to meet specific conditions regarding environmental protection and prevention of illegal transshipment.
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Additional Information
Mongolia Third Neighbor Trade Act
Print number: HR 2824
Sponsor: Rep. Titus, Dina [D-NV-1]
Process start date: 2021-04-22