Each year, Mongolia harvests 2900 tons of raw cashmere from 13 millions goats, and produces 25 percent of the total raw cashmere of world. The fiber length of Mongolian cashmere is the attribute for the premier quality cashmere products and produces yarn with the best spinning ability. 

In Mongolia, herders hand comb goats in the spring, when the goats begin to naturally shed their cashmere undercoat. For first combing, cashmere is usually only harvested from the neck and belly of the goat, leaving the body covered for warmth. The herder will comb the same goats again as the weather warms, continuing to collect cashmere as the goats shed.

Each year, Mongolia harvests 2900 tons of raw cashmere from 13 millions goats, and produces 25 percent of the total raw cashmere of world. The fiber length of Mongolian cashmere is the attribute for the premier quality cashmere products and produces yarn with the best spinning ability. The processing industry consists of wool, cashmere, leather, wood, metal, textile, and food production.

Due to Mongolia’s landlocked position between Soviet Union and People’s Republic of China, it was essential to continue and improve relations with these countries. At the same time, Mongolia is reaching out to advance its regional and global relations.

The History of Mongolian communication started 13th century. In 1234, the Mongol Empire of Chinggis Khaan set up the world's first long-distance postal transmission system, known as "Morin urtuu" (Horse relay station). Morin urtuu continued until 1900’s. Mongolia joined the World Post Organization in 1963.

Mongolian modern telecommunication history started in 1898 when the first telephone communication line was laid to connect Khyahta with Da Khuree (present Ulanbator) and made the first international call in 1930. Nowadays Mongolia uses satellite service for overseas calls.

The reform measures undertaken by the Government at the initial stage of the transition has led to the stabilization of the economic situation and recovery of the economy since 1993. The GDP growth rate increased to 2.3 per cent in 1994.