Bill on ‘Mongolia Third Neighbor Trade Act’ to be submitted to the US Congress
Minister of Foreign Affairs Tsogtbaatar met with Co-Chair of US Congressional Mongolia Caucus Dina Titus and Ted Yoho, sharing views on bilateral relations and cooperation.
Minister of Foreign Affairs Tsogtbaatar, who attended the First Ministerial Meeting on Religious Freedom in Washington, D.C met with Co-Chair of US Congressional Mongolia Caucus Dina Titus and Ted Yoho, sharing views on bilateral relations and cooperation. The Congress members highlighted that Mongolia is a country that consistently backs democracy and is an important partner of USA and briefed about their plan to submit a draft law on ‘Mongolia Third Neighbor Trade Act’ to the Congress in the near future which is about exporting Mongolian textile products to American market tariff-free. Minister Tsogtbaatar expressed his gratitude and said he is confident that the draft law which is a joint effort of the two parties of the Congress will give a big stimulus to develop Mongolia-USA trade and economic ties as well as to increase jobs, supporting Mongolia’s economic development. President of Mongolia Kh.Battulga had put a proposal to President of the United States Donald Trump on exporting Mongolian textile goods tax-free to the US and the draft law is the first step to the realization of the initiation.