Assistant US Trade Representative hosts GSP outreach seminar in MongoliaEconomy
Ulaanbaatar /MONTSAME/. The Assistant United States Trade Representative Edward Gresser hosted a seminar in Mongolia on how to increase exports to the United States on October 4.
The Embassy of the United States in Mongolia, with the Office of the United States Trade Representative, the Mongolian National Chamber of Commerce and Industry, and the American Chamber of Commerce in Mongolia, organized a seminar on how Mongolian exporters can use the U.S. Generalized System of Preferences to obtain tariff reductions on exports to the United States. The visit of the Assistant U.S. Trade Representative, the most senior trade official to visit Mongolia in years, is a sign of the deepening U.S. – Mongolia trade and investment relationship as strategic partners.
The U.S. Generalized System of Preferences (GSP) provides opportunities for 120 designated beneficiary countries and territories, including Mongolia, to eliminate or reduce duties on thousands of products. However, many exporters eligible for the GSP may not be familiar with the many benefits of the program.