Azernews.Az

By Abdul Kerimkhanov

In recent years, Kazakhstan began to produce more than 500 types of products not previously manufactured in country, and export about 50 new types of goods.

From April 1, 2009, in the Republic of Kazakhstan, at the initiative of President Nursultan Nazarbayev, the First Five-Year Plan of the State Program for Industrial-Innovative Development was launched. At present, the Second Five-Year Plan is being implemented.

The presentation of the Industrialization Map projects and the awards ceremony for the winners of the Paryz and Altyn Sapa awards took place in Astana on December 11. During the presentation, Nazarbayev summarized some of the results of the implementation of the State Program for Industrial-Innovative Development.

“During the years of industrialization, we launched 1,250 new enterprises, of which only this year 100 were launched. More than 300,000 jobs were created. Today, 110 countries in the world consume our products“, said the President.

Kazakhstan is carrying out large-scale work on improving the conditions for doing business, improving the investment climate and the judicial system, due to the constant attention of Nazarbayev to the course of diversification of the country’s economy. Last year, at the initiative of the President, the Third Modernization of the country was launched. This year, the Head of State announced the implementation of the “Five Social Initiatives”. Remarkable, that main leitmotif of the current Message to the people of Kazakhstan, voiced by the President in October 2018, is an increase in the well-being and quality of life of Kazakh people.

During the presentation, 28 new projects of the Industrialization Map were presented, six of which are supported by the Baiterek holding. Among the projects successfully implemented are projects in the fields of energy, engineering, food industry, infrastructure development, transport and logistics industry and digitalization.

In accordance with the instructions of the Head of State, technological re-equipment of industry with elements of the fourth industrial revolution is an important component of the industrial program. Kazakhstan's economy should switch to a fundamentally new development model that ensures competitiveness in the global market. It is necessary to fully use and build up the existing economic potential in the framework of the EAEU and China’s One Belt, One Way International Initiative.

During the Tele-bridge, the Head of State paid particular attention to the successful implementation of the state housing program “Nurly Zher”, which is operated by Baiterek Holding.

Kazakhstan became a World Trade Organization (WTO) member on November 30, 2015.

The country officially entered into a Customs Union with Russia and Belarus on July 1, 2010. Since that time, Kazakhstan’s trade policy has been heavily influenced by regulations promulgated by the Customs Union and its governing body the Eurasian Economic Commission.

On May 29, 2014, Kazakhstan and its Customs Union partners signed a treaty to create a common economic space known as the Eurasian Economic Union (EAEU). The EAEU is expected to further integrate their economies, and provide for the free movement of services, capital and labor within their common territory. The government of Kazakhstan has asserted that EAEU agreements comply with WTO standards.

Kazakhstan’s government is optimistic that further integration within the EAEU will make Kazakhstan more attractive for foreign investment by expanding market access to those countries.

Kazakhstan is a signatory of the Free Trade Agreement with CIS countries. In addition, as a member of the EAEU, Kazakhstan is party to the Free Trade Agreement between the EAEU and Vietnam.

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Abdul Kerimkhanov is AzerNews’ staff journalist, follow him on Twitter: @AbdulKerim94

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