Cashmere export to increase

Last Friday, Minister of Industry D.Erdenebat met with representatives of the cashmere sector to talk about measures to be taken in order to increase cashmere product export.
Mongolia signed an economic partnership agreement (EPA) with Japan at the beginning of the year, which is expected to open up opportunities for Mongolia to export domestic products without taxes. Minister Erdenebat is calling on the cashmere sector to actively participate in the state and private sector meeting between Mongolia and Japan that will take place in June.
The Minister underlined that cashmere producers will be provided with loans to increase the export of cashmere products. The loans are intended to be spent on technical and technology upgrades, as well as for improving product design and quality, underlined Minister Erdenebat.
Analysts say that exporting products to Japan, a country which has lead the way for economic growth and development in the region, will advance trade cooperation between the two countries.