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Kazakhstan to take measures for non-commodity export volume increase

Business Materials 2 March 2020 12:40 (UTC +04:00)

BAKU, Azerbaijan, March 2

By Nargiz Sadikhova - Trend:

Kazakhstan’s Concept of the State Program for Trade Development in 2021-2025 draft has been developed, Trend reports with reference to the press office of Kazakhstan’s prime minister.

The program’s draft was presented during country’s government session chaired by Kazakhstan’s Prime Minister Askar Mamin.

The state program’s goal is creation and improvement of a modern trading system that ensures saturation of local market with quality products and provision for competitiveness of Kazakh exported goods and services.

The key objectives are to improve quality and safety of products, formation of high-quality human capital in trade, provision of an optimized digital trading process, creation of a multi-format trade and distribution infrastructure, comfortable consumer environment, diversification of import and export of non-primary goods and services, and creation of favorable conditions for local producers on domestic and foreign markets.

Preliminary estimates say that program’s implementation will require about 285 billion tenge ($747.8 million), including private investments.

Fulfillment of the planned tasks will allow to increase average annual real gross value added of trade by 106.2 percent, raise the level of application of national standards from 41 percent to 75 percent, increase non-commodity export to $41 billion, and increase the share of electronic commerce in retail turnover to 10 percent by 2025.

During the meeting Mamin instructed the Ministry of Trade and Integration to ensure introduction of the draft to the Government by July 1, 2020.

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