Companies for cosmetics cluster meet
SocietyUlaanbaatar /MONTSAME/ Co-implemented by the Mongolian National Chamber
of Commerce and Industry (MNCCI) and the Ministry of Foreign Affairs, the
EU-funded Trade Related Assistance for Mongolia (TRAM) project organized the
fifth meeting of a working group for establishing cluster of cosmetics
companies.
The meeting brought together parties of the project and managers
cosmetics product companies. With the purpose to support non-mining product
export of Mongolia, the TRAM project will continue until 2021, and it will help
Mongolian products enter the European market.
According to feasibilities of the project, cosmetics organic products
could be potential for Mongolian export because the country has abundant
reserve of raw materials and the product is able to be recognized in the global
market with its unique package design of Mongolian tradition. In Mongolia, a
number of companies operate with business of cosmetic products made of natural
materials such as stinging nettle, sheep tail fat, sea buckthorn, mare milk and
camel marrowbone.
Solely running business to export products is usually challenging and it
could face many difficulties such as enhancement of production capacity,
marketing and improvement of package design accorded with international
standards. Therefore, the project aims to develop the cosmetics industry
through a cluster under mutually-beneficial principles.
Attendees at the meeting discussed matters on a possibility of using
garbage from leather and meat factories for making cosmetic goods, current
activities of the working group and cluster, production of value-added goods and
credit program of the EBRD.
A discussion on standards, monitoring and the Mongolian legal
environment was organized as well. Following it, new members for the cluster
team signed a Memorandum of Understanding.
Source: MNCCI