The National Project for the development of entrepreneurship in 2025 predicts an increase in the volume of exchange trading to 5.6 trillion tenge per year

Today, on November 5, 2021, at the site of the Central Communications Service of the Republic of Kazakhstan, a briefing was held by the Minister of National Economy A.M. Irgaliev on explaining the implementation of national projects for sustainable economic growth, regional and business development.
Vice-Minister of Trade and Integration Yerzhan Kazanbayev also took part in the briefing, the press service of the ministry reports.

Thus, within the framework of the National Project for the Development of Entrepreneurship for 2021-2025 (PP RK No. 728 dated October 12, 2021) in the direction of exchange trading, the agency performs several tasks at once to increase the share of sales through commodity exchanges of liquefied petroleum gas, gasoline, diesel fuel, jet fuel and bitumen, as well as coal.

The achievement of these indicators is provided for by the draft Law of the Republic of Kazakhstan "On amendments and additions to some legislative acts on the development and improvement of exchange trading", aimed at improving and developing exchange trading.

As it was noted earlier, according to the bill, commodity exchanges will develop in three main directions:
increasing the requirements and increasing the transparency of commodity exchanges (increasing the authorized capital, introducing a two-tier system of commodity exchanges, establishing requirements for the financial stability of commodity exchanges and exchange trading participants, approving uniform rules for exchange trading).

creation of a competitive environment and conditions for the development of exchange trading (establishment of a unified accreditation of brokers and dealers, with the simultaneous lifting of the ban on their participation in several commodity exchanges, access of clients to participate in exchange trading as one-time visitors without intermediaries, division of goods and trades into sections).

увеличение increase in the volume of exchange trading (the establishment of differentiated rates depending on the type of section and the volume of transactions made, the introduction of an insurance tool for both the conclusion of transactions on the exchange and the execution of contracts).

The draft law developed by 2025 predicts an increase in the volume of exchange trading to 5.6 trillion tenge per year (in 2020 – 1.4 trillion tenge) and an increase in the share of exchange trading in the total volume of wholesale trade to 14% (in 2020 - 3%).

The introduction of these amendments to the legislation will help to improve the availability and increase the volume of exchange trading, attract new, including foreign partners, create a competitive environment, set natural prices, and ensure transparency of exchange transactions. And all this together will form a stable and competitive domestic stock exchange industry.

Press Service
Ministry of Trade and Integration of the Republic of Kazakhstan
tel. 87767141995