PRESS RELEASE ON THE INTRODUCTION OF THE THIRD NEIGHBOR TRADE ACT LEGISLATIVE BILL IN THE U.S. CONGRESS
United States Representative Ted Yoho introduced the “Mongolia Third Neighbor Trade Act” (H.R.2219) in the U.S. House of Representatives on April 10, 2019. The bill has garnered bipartisan support in the House, and as of April 16, co-sponsored by Rep. Dina Titus, Rep. Steve Cohen, Rep. Brian K. Fitzpatrick, Rep. Don Young, Rep. Ralph Norman, Rep. David E. Price, Rep. James P. McGovern, and Rep. Susie Lee.
Acknowledging its importance to our bilateral relations, United States Senator Ben Cardin introduced the “Mongolia Third Neighbor Trade Act” in the U. S. Senate (S.1188), and the bill has immediately received a bipartisan support by Sen. Dan Sullivan, Sen. Patrick J. Leahy, Sen. Cory Gardner, Sen. Sheldon Whitehouse, and Sen. David Perdue.
Following the election of the 116th United States Congress, the bills have been reintroduced in both chambers of the U.S. Congress.
The President of Mongolia expresses his full support for the bill, the adoption of which would authorize duty free treatment of Mongolian cashmere and other textile garments exports to the United States. This will not only increase trade with the U. S., but would be instrumental in diversifying the economy and advancing the democracy of Mongolia.