186 exporters of Kazakhstan will receive assistance for 4.7 billion tenge

Today, October 26, 2020, Minister of trade and integration Bakhyt Sultanov spoke at a briefing in the Central communications Service (CCS).
He spoke about the role of the trade Department in the implementation of the September Address of the President of the country, explained what tasks the Ministry of trade and integration solves to increase export indicators:
- Reimbursement of part of the costs of exporters when promoting products to foreign markets is a relatively new measure. But at the same time, one of the most popular, and most importantly effective. - the Minister said-this year we have approved applications from 186 exporters for a total amount of about 4.7 billion tenge based on the results of 14 meetings of the Ministry of internal Affairs.
In 2019, this measure of state support was used by 139 subjects of industrial and innovative activities for a total amount of about 3.9 billion tenge.
The return of part of the costs allowed exporters to increase the volume of industrial production by 9%, increase the volume of export revenue by 30%, and increase tax deductions to the budget by half (45%).
- Through our export insurance company KazakhExport, more than 67 exporting manufacturers in all regions of Kazakhstan received support for 9 months, 22 of them for the first time. The volume of insurance obligations exceeded 54 billion tenge, which generated 150 billion tenge of export revenue – - the Minister said about the essence of financial assistance for business.