S 3368
Mongolia Third Neighbor Trade Act
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- Became Law
Bill overview
The Mongolia Third Neighbor Trade Act authorizes the President to provide duty-free treatment to certain apparel and textile imports from Mongolia, aiming to boost trade between the two countries. This preferential treatment would apply to articles like cashmere garments and textiles meeting specific criteria regarding cashmere content and production processes. The program is subject to annual review and certification by the President, ensuring Mongolia meets eligibility requirements related to environmental protection and trade practices, and will expire on December 31, 2029. The bill also mandates regular briefings to Congress on the program's implementation and its impact on U.S. trade policy with Mongolia.
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Primary sponsor
Cosponsor
Benjamin L. Cardin
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