Kazakhstan to decrease agricultural goods export in 2020

Business Materials 25 January 2020 17:00 (UTC +04:00)
Kazakhstan to decrease agricultural goods export in 2020

BAKU, Azerbaijan, Jan. 25

By Nargiz Sadikhova - Trend:

Kazakhstan will decrease export of agricultural goods by six percent in 2020, Kazakhstan’s Prime Minister Askar Mamin said, Trend reports with reference to the prime minister’s press office.

Mamin said the focus in the agricultural sector in 2020 will be given to stimulation of the deep processing of agricultural products.

“The complex approach to provision of food products will be implemented, which provides for an increase in agricultural production, subsidies tied to import substitution, investment growth and increase of agricultural export,” Mamin said.

He noted that attraction of strategic investors will provide for formation of a clear understanding of long-term prospects for the development of the industry in Kazakh farmers.

“This year growth ration of the agricultural industry will be six percent, decrease of agricultural goods export will also be six percent, and the number of new jobs will be 40,000 jobs,” Mamin said.

Mamin added that some 387 projects worth 4.4 trillion tenge ($11.6 billion tenge) will be implemented in country’s agriculture in the next five years, and some 94 projects worth 559 billion tenge ($1.4 billion) will be launched in 2020.

“The work is already underway. Thus, projects for deep processing of wheat are under implementation in North Kazakhstan region. Measures to promote development of farms are being taken in Zhambyl region. Agricultural goods output is expected to increase by 34 percent in the next two years, whereas ventures load is to be increased by 30 percent, some 4,000 new work places will be created,” Mamin said.


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