Kazakhstan will increase grain exports to China, Kazakh Minister of Agriculture Yerbol Karashukeev said, Kazinform reports.
“As part of the implementation of the agreements reached during the recent visit of the Head of State to China, we are working to expand the export of grain processing products to China and include new companies in the register of suppliers,” Karashukeev said in the Senate of Kazakhstan.
State support measures are being taken to stimulate businesses in opening new industries through investment subsidies of up to 25% of the costs for the construction and modernization of enterprises for deep processing of grain crops, subsidizing the interest rate on loans, allocating soft loans to replenish working capital within the framework of the "economy of simple things", tax incentives in the form of a 70% reduction in VAT, as well as reimbursement of transportation costs for exports up to 30%, Karashukeev said.
“In the current year, the implementation of 11 investment projects with a total capacity of 58,000 tons of cereals and pasta and 21,000 tons of starch products has begun,” the minister added.
CentralasianLIGHT.org
June 16, 2023