Cluster of yak and camel wool factory to be developed
The working group of the European Union-funded TRAM project for the establishment of a cluster of yak and camel wool held its 2nd meeting.
The working group of the European Union-funded TRAM project for the establishment of a cluster of yak and camel wool held its 2nd meeting. This cluster will be established with aims to manufacture final products made of yak and camel wool, to promote it at foreign markets and to develop a partnership with companies abroad. In the opening remarks, Secretary-General of the Mongolian National Chamber of Commerce and Industry said that Mongolian wool and cashmere products are recognized in the world with its satisfaction of world standards. Global consumers already felt that Mongolian cashmere and wool products are pure naturals with zero harm to health besides warmness and well-fitting. However, we still encounter hurdles when exporting our goods because of the industrial capability, lack of competitiveness of promotion and packaging, thus it is important to tackle these issues through mutually-beneficial clusters. They are really sure that their collaboration in the cluster with the TRAM project will contribute to increasing the export of Mongolian products.” Participants in the meeting discussed the legal environment for clusters, an organizational structure, financing of EBRD projects for producers and creation of a website for clusters. Promotion of products made of yak and camel wool to be displayed at exhibitions in May and June as well as planned programs were considered as well. The project will last until 2021 in cooperation with the Ministry of Foreign Affairs and the Mongolian National Chamber of Commerce and Industry. Working in close collaboration with the beneficiaries, the project enables non-mining sector businesses to gain better access to foreign markets, reduce export costs and ensures that Mongolian exporters improve their profitability in targeted international markets.