The Prime Minister of Kazakhstan

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Economy of simple things: MIID RK takes measures to reduce imports of consumer goods by up to 50%

06 February 2019, 12:05
Photo: primeminister.kz

Feb. 6 at a briefing in the Government’s press center, Minister of Industry and Infrastructure Development Zhenis Kassymbek spoke about the measures being taken to develop the economy of simple things in Kazakhstan.

The Head of State in the Address “Growing Welfare of Kazakh Citizens: Increase in Incomes and Quality of Life” instructed to support enterprises to develop a wide range of consumer goods and promote the so-called “economy of simple things.” This is important not only for realizing the export potential, but also for saturating the domestic market with domestic goods. The government was instructed to allocate an additional 500 billion tenge to support the manufacturing industry and non-primary exports over the next 3 years.

“We in the supervised regions identified 250 such items of goods, which are used daily by the people of Kazakhstan and whose imports today account for more than 80%. We plan that we will be able to reduce the share of imports by up to 50% for these products in the next three years,” said Kassymbek.

In particular, the development of light industry will be stimulated: the production of fabrics, tailoring and footwear, fertilizers, paints and varnishes, the production of windows and doors, furniture, etc.

During the press conference, Kassymbek also reported on the development of geology and subsoil use. Since July 2018, the New Subsoil Code entered into force, which simplified administrative procedures in the field of subsoil use, thereby allowing an increase in the volume of investments attracted in geological exploration. As a result, Kazakhstan in the rating of the Fraser Institute for Subsoil Use Investment Attractiveness improved its position by 49 points and ranked 24th.

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