Nazarbayev instructs government to support Kazakh export

ASTANA (TCA) — On July 1, at the workshop on the results of industrialization in the first half of 2016, Kazakhstan President Nursultan Nazarbayev instructed the Government to develop a set of measures to support the export of Kazakhstani goods, the official website of the Prime Minister of Kazakhstan reported.  

“Since last year, Kazakhstan has become a member of the WTO. It has opened for us the markets of 160 countries, especially in China, Iran, Russia, and the European Union. We need to think about how to conquer these markets. The Government should develop a set of measures to support the release of Kazakh goods to foreign markets. This should be the main task of each of the oblast akims [regional governors], city, district,” Nazarbayev said.

In addition, in the coming years, the Government of Kazakhstan should focus on several priority export-oriented industries, including food production, metallurgy, mechanical engineering, agricultural and petrochemical industries.

The President instructed the Government and the National Bank to take measures to restore lending to the economy by the second-tier banks with a focus on financing small and medium-sized businesses.

Yesterday’s meeting on the outcome of industrialization in the first half of 2016 was held in Astana with the participation of President Nursultan Nazarbayev. During the event they summed up the State Industrial and Innovative Development Program, and presented new approaches to the implementation of the program.

Sergey Kwan

TCA