Mongolia Third Neighbor Trade Act

Bill 118 HR 6539, also known as the Mongolia Third Neighbor Trade Act, is a piece of legislation introduced in the US Congress. The purpose of this bill is to promote trade and economic relations between the United States and Mongolia, a country located in East Asia.

The bill aims to strengthen the economic ties between the two countries by encouraging increased trade and investment. It also seeks to support Mongolia's efforts to diversify its economy and reduce its dependence on trade with neighboring countries.

Specifically, the Mongolia Third Neighbor Trade Act would authorize the US government to provide technical assistance and support to Mongolia in areas such as trade promotion, investment facilitation, and economic development. It would also require the US Trade Representative to conduct a comprehensive review of US-Mongolia trade relations and report to Congress on potential opportunities for expanding trade between the two countries. Overall, the goal of Bill 118 HR 6539 is to enhance the economic partnership between the United States and Mongolia, and to support Mongolia's efforts to strengthen its economy and increase its global competitiveness.