The national project on sustainable economic growth provides for an increase in non-resource exports to $ 41 billion

The national project on sustainable economic growth provides for an increase in non-resource exports to $ 41 billion

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Today, on November 5, 2021, the Central Communications Service of the Republic of Kazakhstan hosted a briefing 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 "Sustainable economic growth aimed at improving the well-being of Kazakhstanis" (PP RK No. 730 dated October 12, 2021), the Ministry of Trade is tasked with increasing non-primary exports by 2 times - up to $ 41 billion.

To solve this task, the Ministry of Trade and Integration of the Republic of Kazakhstan will take a number of comprehensive measures on the indicator "The share of non-primary exports in the total volume of foreign trade".

Thus, one of them - financial measures to support exporters – provides for reimbursement of costs for the promotion and transportation of products to foreign markets.

This year, 487 applications from 216 subjects of industrial and innovative activity were approved for a total amount of 5.6 billion tenge.

In addition, the measures taken allowed companies that received state support measures to increase production by 15.7% in 2020, the volume of export revenue increased by 90%, the volume of tax deductions increased by 83%.

It is noted that financial support measures will increase production volumes, expand the geography of exports and improve the social and economic indicators of export-oriented enterprises.

The second criterion will be non-financial measures to support exporters, which includes conducting trade and economic missions, organizing national stands, conducting training for exporters, and conducting export analytics for entrepreneurs.

This year, 49 contracts/documents totaling more than $120 million were signed within the framework of trade and economic missions. More than 150 Kazakhstani exporters of processed products took part in the events. By the end of the year, the Ministry of Trade plans to conduct 1 trade and economic mission and organize 2 national stands in Dubai and Shanghai.

At the same time, as part of non-financial measures, 94.2 million rubles are expected in 2022. $ of export revenue, 8 billion tenge - tax revenues,
60 - export agreements.

And, in addition, 24/7 expert support for domestic enterprises is provided.

Press Service

Ministry of Trade and Integration of the Republic of Kazakhstan