Ministry of Trade of the Republic of Kazakhstan: state support allowed 205 Kazakh companies to reduce costs by 5 billion tenge

Minister of Trade and Integration Bakhyt Sultanov, at a meeting with business at the IX Civil Forum, told what kind of assistance domestic exporters can receive from the state, Kazinform MIA reports. According to the head of the department, the ministry has changed the rules for reimbursement of costs to exporters. The package of documents was optimized, the list of goods was updated and new types of reimbursable costs were introduced. Exporters also receive preferential loans and export insurance. So, in 2020 KazakhExport has insured contracts of more than 70 exporters for almost 63 billion tenge. It is expected that this level will be increased to 100 billion tenge. “The compensation helped with the supply of batteries to the UAE, flax and rapeseed to Belgium, lentils to Italy, metallurgical products to Japan. State support allowed 205 exporters to reduce their costs by 5 billion tenge (2019 - 139 entities by 3.9 billion tenge). These are the costs of transport costs, ...