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Mongolia Trade Act: Duty-Free Import of Cashmere and Textiles.

This law aims to strengthen trade ties with Mongolia by eliminating tariffs on selected products, primarily cashmere and textiles, until the end of 2029. For US citizens, this potentially means greater choice and more direct access to Mongolian products, while supporting democracy and sustainable development in Mongolia. These changes could affect the cashmere apparel market, offering products manufactured under new environmental standards.
Key points
Eliminates import duties on specific textile and apparel articles from Mongolia, especially those containing cashmere, until December 31, 2029.
Requires Mongolia to meet strict environmental and labor standards, including preventing overgrazing by cashmere goats, which aims to protect local grasslands.
Supports the Mongolian economy by encouraging the development of local production of finished cashmere goods, rather than exporting raw materials to other countries.
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Expired
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Additional Information
Print number: 118_S_3368
Sponsor: Sen. Sullivan, Dan [R-AK]
Process start date: 2023-11-30
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Mongolia Third Neighbor Trade Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_3368.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-11-30.

What are the main provisions?

Key points include:

  • Eliminates import duties on specific textile and apparel articles from Mongolia, especially those containing cashmere, until December 31, 2029.
  • Requires Mongolia to meet strict environmental and labor standards, including preventing overgrazing by cashmere goats, which aims to protect local grasslands.
  • Supports the Mongolian economy by encouraging the development of local production of finished cashmere goods, rather than exporting raw materials to other countries.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Sullivan, Dan [R-AK].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Economy Agriculture Environment