• usd -0.47%
    422.4
  • eur -0.60%
    502.78
  • rub -0.01%
    5.59
  • gbp +0.09%
    564.28
  • cny -0.06%
    64.24
  • main
  • Kazakh PM calls for phasing out dependence on imported socially significant food products
3 December, 2019 12:18

Kazakh PM calls for phasing out dependence on imported socially significant food products

Today’s government session chaired by Kazakh Prime Minister Askar Mamin, new approaches to the State support for agriculture have been considered, Strategy2050.kz informs referring to primeminister.kz.

Kazakh PM calls for phasing out dependence on imported socially significant food products   | Strategy2050.kz

The country’s agribusiness sees 113 investment projects to the tune of 4.4 trillion tenge being developed and implemented. Sugar factories are slated for construction and modernization by 2024 in an effort to meet the country's domestic needs for poultry meat (imports account for 49%), sausages (39%), cheeses and cottage cheese (46.5%), apples (31.5%) and sugar (57.3%), the opening of industrial dairy farms, poultry farms, apple orchards.

To date, the state has supported the agricultural sector through 47 types of subsidies totaling 292 billion tenge, which were mainly aimed at maintaining the profitability of agricultural production. In order to stimulate the qualitative development of the agrarian sector, a number of ineffective ones will be abolished in 2020 and new subsidies will be introduced, aimed at import substitution and increasing the productivity of the agricultural sector.

Innovations correspond to the previously adopted State Program for the Development of the Agro-Industrial Complex for 2017-2021. Basic subsidies will be allocated to seeds, fertilizers and pesticides. At the same time, subsidies are being introduced for research and development in the agricultural sector. Changes will also affect commodity-specific and investment subsidy groups.

“As was repeatedly noted by First President – Elbasy Nursultan Nazarbayev and Head of State Kassym-Jomart Tokayev, the development of the agricultural sector is an important factor in diversifying the economy. We have been given the task of increasing labor productivity in the agro-industrial complex by 2.5 times by 2022,” the Kazakh PM said.

The head of government emphasized that one of the priorities for the development of agriculture was to increase domestic production in order to reduce dependence on imports.

“Thanks to the planned measures, within 3-5 years we must fully provide the republic with all socially significant goods, eliminating dependence on imports,” Askar Mamin said.

The Prime minister instructed to take measures to eliminate the debt on subsidizing the agricultural sector.

Image credit: primeminister.kz

3.219.31.204, 192.168.88.100