Members of the textile industry have been invited to a summit organised by the Scottish Government.
The event will be chaired by Finance Minister John Swinney at Peter Scott Knitwear.
It travels all the way from Mongolia to the Scottish Borders - and from the Scottish Borders it is exported around the world.
Last year 1.4 million pounds worth of cashmere came to the country, and such is its importance that today the region was visited by the Mongolian ambassador and the Central Orchestra of the Mongolian Armed Forces.
Watch the full report from Andy Burn below.
The ambassador of Mongolia, Narkhuu Tulga, has been speaking of the hard work behind today's visit to Hawick ahead of the delegation's arrival:
The Mongolian Ambassador will lead a delegation to Hawick to explore opportunities in textile manufacturing.
The Borders MP Michael Moore will host the visit by Ambassador Tulga - who is looking at cashmere manufacturing.
There will also be a performance in Hawick by the 70 strong Central Orchestra of the Mongolian Armed Forces.
It is the first official visit by Mongolian officials to the town.
Borders MP Michael Moore is hosting the first Mongolian visit to Hawick to explore opportunities for those specialising in the textile industry.
They will be looking particularly at the manufacture of cashmere goods and touring local manufacturers.
Matthew Taylor has been looking at how the closure of the last textile milll in Langholm has affected the town.
He has been speaking exclusively to the man who bought the assets of the Read and Taylor mill.
You can watch his full report below.
It's emerged that a textile mill which closed with the loss of 35 jobs took 92 thousand pounds worth of tax payers' money in loans and grants.
The owners of the Reid and Taylor mill in Langholm were given the money in 2011.
The firm went into administration last month and was closed for good two weeks ago.Local MSP Joan McAlpine has written to the Scottish Goverment to find out if any of the money can be reclaimed from the company's former owners, S Kumpars group of India.
She says that it was right to support the company at the time but believes that there may be a case for the parent group to repay part of the money so that it can be re-invested in Langholm.
The Dumfriesshire MP David Mundell says that a new care home for Langholm is now a top priority.
Speaking after a mini summit meeting to discuss the future of the town he said a care home would help to bring back jobs to Langholm which has seen 83 posts lost in 6 months.
The Dalarran Nursing Home in Langholm closed earlier this year with the loss of 25 jobs.
The company which ran the home, Welcare Homes, had planned to build a brand new facility in the town but failed to get the financial backing.
Talks to secure the future of Langholm have led to a comitment to keep the cottage hospital in the town.
Councillor Denis Male who attended the meeting said that NHS Dumfries and Galloway has promised that a hospital will be provided in future for between eight and 12 beds.
Cllr Male is putting forward a motion at today's full council meeting in Dumfries to ask for a meeting with the owners of the Reid and Taylor mill building, The Cumberland Building Society.
He wants the mill, which closed earlier this month, to be resurrected as a community-led textile company.
Matthew Taylor's full report