Prime Minister: Kazakhstan sees agriculture as new drive of economy

Baku, Azerbaijan, July 3

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The government of Kazakhstan considers agriculture as a new driver of economic growth, Prime Minister of Kazakhstan Bakytzhan Sagintayev said July 3, when speaking at Kazakhstan Global Investment Roundtable, Kazakh media reported.

"We intend to increase labor productivity and the volume of exports of processed agricultural products by 2.5 times in the next five years. Kazakhstan has already concluded agreements for the export of agricultural products to new markets with a number of countries: China, Iran, the United Arab Emirates and the countries of the Eurasian Economic Union. The requirements for 13 types of agricultural products have already been agreed in the Chinese direction alone today," the Prime Minister said.

Sagintayev stressed that the government of Kazakhstan intends to provide maximum support to investors in the area of production and export of agricultural products, and especially meat products.

In addition, the Prime Minister noted that, Kazakhstan expects that foreign investors will also show interest in new sectors of the economy of Kazakhstan, including tourism, finance, e-commerce, development of IT services, big data, venture business and other areas.

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