Kazakhstan eyes to boost exports

Kazakhstan Materials 8 February 2021 12:19 (UTC +04:00)
Kazakhstan eyes to boost exports

BAKU, Azerbaijan, Feb. 8


Vice Minister of Trade and Integration of Kazakhstan Zhanel Kushukova shared the ministry’s plans on the elimination of 8 barriers that are sensitive for Kazakhstani business, Trend reports citing Kazakh media.

“Work on eliminating 8 more barriers that are sensitive for us continues. Eliminating them will reduce the financial costs of business by $1.5 million and increase exports by $18 million. This is an estimate, the effect can be much higher,” said Kushukova at the collegium of the Ministry of Trade and Integration.

She reminded that amendments to the Law on Trade Activities will come into force on July 1.

“The government will now have the right to initiate retaliatory measures when identifying barriers in the markets of partner countries. In addition, it must be said about the incomplete fulfillment of the obligations assumed. The implementation of the main provisions of the Treaty on the EAEU lags behind the planned dates,” she noted.

“Particular provisions have not yet begun to be implemented, or some agreements are being dragged out. We will insist on their unconditional and urgent implementation, as well as for the development of specific mechanisms for their implementation if something becomes difficult due to objective reasons,” added Kushukova.