GOBI CASHMERE WILL EXPAND ITS PRESENCE IN THE USA
Next September Gobi Cashmere will open its new branch “GOBI CASHMERE USA” in Los Angeles, USA. The new branch, a welcome addition to existing Gobi franchise stores in Chicago, Los Angeles, San Francisco, will focus on reaching customers through online retail.
The official announcement of the store coincides with the visit of President of Mongolia, Battulga Kh., to the United States of America. During the visit the President held meetings regarding the Mongolia Third Neighbor Trade Act, which was introduced into Congress on April 11, 2019.
Its adoption will authorize duty free treatment of Mongolian cashmere and other textile garments exports to the United States. In addition to increasing trade between the two countries, it would create 40,000 new jobs and raise the household income of 200,000 herders in Mongolia.