Russia abolishes duties on Mongolian cashmere

Cashmere supplied to Russia from Mongolia will soon become cheaper — the governments of the two countries have agreed to abolish duties and remove logistical barriers, Deputy Prime Minister Victoria Abramchenko told reporters at Mongolia’s largest cashmere factory Gobi.

“As part of the agreement on the supply of cashmere to Russia, we visited the largest factory for the production of finished products: Mongolian cashmere, Gobi brand. We agreed right here at the factory that we will prepare a roadmap,” she said.

Abramchenko noted that the Ministry of Industry and Trade, the Ministry of Economic Development, the Federal Customs Service, the Central Bank, the Russian border regions, where hubs will be created, will take part in the development of the document.

“It is important for us to run the route, we must deliver finished products to the Russian Federation duty-free. This is probably 50 percent of the cost of finished products,” the Deputy Prime Minister explained.

The post Russia abolishes duties on Mongolian cashmere appeared first on News.MN – The source of news.