Serbia will will resume exports of maize and wheat to North Macedonia, the Serbian government said, partially relieving its ban on exports of basic foodstuffs caused by the war in Ukraine. Serbian wheat and maize exporters that have contracts with companies in North Macedonia will be allowed to fulfil their contractual obligations, the government said … Read more
Moldovan agricultural producers could export to the Iranian market. According to the Chamber of Commerce and Industry, following a meeting between CCI head Sergiu Harea and Ambassador of the Islamic Republic of Iran to Moldova Manouchehr Moradi, the main categories of products that can be exported to the Iranian market were identified: corn, flower seeds … Read more
Kazakhstan made a decision to limit wheat and flour export quotas from April 15 until June 15. The wheat quota will make 1 mln tons, wheat flout up to 300,000 tons, Kazinform reports. «The Kazakhstani interdepartmental commission for foreign trade policy and participation in international economic organizations made a decision to limit wheat and flour … Read more
Georgia’s foreign trade turnover in the first three months of 2022 amounted to USD 3.87 billion – a 38% increase compared to the same period last year, according to express data released by the National Statistics Office (Geostat) on April 13. Exports increased by 43.3% year-over-year to USD 1.17 billion, while imports went up 35.8%, … Read more
The Cabinet of Ministers has approved the “Rules for admission to international passenger and freight transport by road”. The rules set the criteria related to the business reputation, financial condition and professional competence of the operator of international passenger and freight transport by road, and the requirements on the level of training of the operator’s … Read more
Armenia and Slovakia have sealed an Agreement on Economic Cooperation between the two countries, the Armenian Ministry of Economy reports. The document was signed by the Economy Minister Vahan Kerobyan and Slovakia’s Ambassador to Yerevan Miroslav Hacek on Friday, April 8. With the paper, the sides agreed to deepen ties in industry, tourism, energy, agriculture, … Read more
The presidential decree promises subsidies to exporters to compensate for expenses, including up to 70% of transportation costs. Young entrepreneurs will get loans.
According to the presidential decree “On additional measures to support participants in foreign trade activities” measures to support and stimulate the export activities of domestic business entities will be strengthened.
For example, from April 1, 2022 until April 1, 2023, subsidies to compensate for transportation costs in the amount of up to 70% are provided to domestic enterprises (their authorized representatives), when exporting high value-added products to the countries of the European Union.
Also from April 1:
ꞏ subsidies are provided to compensate for transportation costs in the amount of up to 50% when exporting high value-added products to neighboring countries;
ꞏ the Export Promotion Agency reimburses expenses related to the accreditation of conformity assessment bodies by an accreditation body that is a member of international organizations ILAC/IAF;
ꞏ 50% reduction of the amount of prepayment required when business entities export goods (except for special types of goods), works and services on the basis of invoices without concluding an agreement is announced.
The Unified Exporter Support Portal will regularly publish an approved list of high value-added products, the export of which will be provided with subsidies to compensate for transportation costs.
They will also cancel the procedure for prohibiting the use of benefits on customs payments during customs clearance of goods that are in the customs warehouse regime for a period of more than six months.
The Young Entrepreneurs Support Fund based on decisions of the Government Commission will allocate loans up to $500,000 in order to support youth entrepreneurship, including stimulating activities for the production of export-oriented products and the provision of services based on innovative technologies.
The Export Support Fund will allocate $10 million to Uztrade and Uzsanoatexport JSCs in order to provide foreign trade companies with working capital.
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According to Finprom.kz, trade turnover between Kazakhstan and China reached $1.4 billion as of January (53.4% up compared to the previous year).
The Bureau of National Statistics of the Agency for Strategic Planning and Reforms reports that China’s share is 16.1 percent of the country’s foreign trade turnover.
In the first month of this year exports to China exceeded imports (77.9 % up over the year) and reached $771.7 million. China’s share of total exports from Kazakhstan reached 12.7%.
Imports reached $648.5 million (31.8 % up). It is 23.8 % of the total volume of imports to Kazakhstan.
The National Bank’s statistics informs that the obligations of Kazakh residents to Chinese investors as of Oct. 1, 2021 reached $13.5 billion (0.4 percent growth compared to a year earlier). After a two-year decline this indicator rose slightly.
The majority of finance ($2.8 billion) was allocated to the manufacturing industry in Kazakhstan by investors from China by October 2021. They also made investments in the sphere of transport and warehousing ($2.6 billion), trade and car repair ($2.1 billion).
In January – September 2021 the gross inflow of Chinese direct investments amounted to $1.5 billion. It is 2.9 times more than a year earlier ($521.8 million in January – September 2020).
1,500 companies with Chinese capital operate in the country as of March 1 (increase 17.4% compared to the previous year).
The wholesale, retail trade, car repair, construction and mining industries are the spheres most of these companies are engaged in.
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According to the document, exporters will receive subsidies to compensate for expenses, including up to 70% of transportation costs, young entrepreneurs will receive loans and more. The presidential decree “On additional measures to support participants in foreign trade activities” will strengthen measures to support and stimulate the export activities of domestic business entities. In particular, … Read more
Ukraine has already partially resumed its exports, and the volumes will grow. The country is expected to reach up to 80% of pre-war export operations in the near future. According to Prime Minister Denys Shmyhal, almost 90% of Ukrainian exports of grain, ore, and other large goods went through seaports. Currently, the ports are blocked. … Read more