Gobi Corporation plans to enter the US market. This is a cashmere manufacturer from Mongolia. The corporation has more than 2800 employees and 80 per cent of them are women. An e-commerce website specially dedicated to US customers will be launched.

The United States plans to allow duty-free treatment for certain imports from Mongolia such as cashmere products and textile materials. This means more trade opportunities for Mongolia to export cashmere products to the US. Mongolia supplies around 48 per cent of the total raw cashmere to the world market, which makes the country the second largest raw cashmere supplier of the world. But only 15 per cent of it is used to make ready-to-wear finished cashmere garments. The remaining 85 per cent of the raw cashmere is sold as a semi-processed material to other markets and this is becoming the focus area of Mongolia’s domestic cashmere manufacturers. The United States of America is considered as the second largest cashmere consuming country. Duty-free treatment would open a tremendous opportunity for Mongolia to diversify its economy.

Increased trade between the United States of America and Mongolia will benefit many stakeholders in the supply chain of cashmere including consumers, nomads, employees.