Ulaanbaatar, March 12, 2021
The U.S. Embassy hosted a discussion on an independent comprehensive study funded by the U.S. Agency for International Development (USAID) on Mongolia’s cashmere sector.
While Mongolia accounts for approximately 40 percent of the world’s cashmere production, nearly all of that (94 percent) is exported, in either raw or minimally processed form. By not processing the cashmere before it departs Mongolia, other countries benefit from adding value by combing, washing, dying, spinning and sewing the final product, creating jobs for its citizens. Processing cashmere in other countries also allows them to blend inferior cashmere with high quality Mongolian cashmere, while still labeling it as Mongolian.