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Kazakhstan to invest USD 1 bln into agriculture within 3 years

Kazakhstan Materials 4 August 2006 15:39 (UTC +04:00)

(Kazinform) - Since 2007 Government of Kazakhstan intends to invest above USD 1 billion annually into agrarian sector of the country within 3 years in accordance with Presidents instruction, Daniyal Akhmetov, Premier of Kazakhstan, has voiced at the opening ceremony of the 1st national agricultural exposition Karaotkel-2006 today.According to Mr. Akhmetov, currently volume of agricultural production makes 6% of countrys GDP. I am sure this exhibition, organized at the highest level, eloquently demonstrates development of agricultural sphere of Kazakhstan, he stressed, reports Trend.

He reminded, above KZT 200 billion was channeled into agriculture of Kazakhstan for the last 3 years. Owing to such substantial financing sector gained stability, but it still needs to be perfected. It is necessary to enhance competitiveness of the field in connection with forthcoming accession to WTO. Agricultural production should increase 3fold by 2015, Prime Minister added.

As report earlier, Agriculture Ministry of Kazakhstan and Kazagromarketing JSC initiated the first national exposition Karaotkel, sponsored mainly by Rostselmash Company. The total floor space of the exhibition amounts to 6 000 sq.m.

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