NEWS

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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