The Mongolian National Chamber of Commerce and Industry has signed a cooperation agreement with the Russian Federation during Prime Minister U.Khurelsukh’s visit in Moscow. In addition, the two sides signed an agreement to establish a ‘Business Market’ cooperation platform for exchanging business proposals and cooperation possibilities online.

Under the agreement, Mongolia will export steamed meats to Russia and both countries will cooperate to increase cashmere demand in Russia.

Mongolia produces 48 percent of the total raw cashmere in the world.