Kazakhstan to double export of processed agricultural products

Kazakhstan increases export of processed agricultural products. The growth amounted to 22 percent in 2020, when the amount of the goods sold to the foreign market totaled US$1.3 billion, reported Kazakh Minister of Agriculture Saparkhan Omarov. Investments in the fixed assets of the industry also grew by 15 percent. As a result, the total volume of investments in the field exceeded 677 billion tenge. Kazakhstan’s agro-industrial complex showed the greatest growth in 2020 among the EAEU countries. The volume of gross agricultural production increased by almost 6 percent and exceeded 6 trillion tenge. The minister shared the tasks for the development of the sector. Kazakhstan plans to implement 845 investment projects within five years. New approaches were worked out for the further sustainable development of the agro-industrial complex. They were reflected in the Concept for 2021 to 2023 and the National project for 2021 to 2025.

“Their main goals will be to increase labor productivity by 2.5 times, saturate the domestic market with food at the level of 80 percent, increase the export of processed products by 2 times and form seven ecosystems around large investment projects. Overall, in the next five years, the planned measures will allow to achieve the set goals and attract 4.1 trillion tenge of investments to the industry, providing jobs for up to 500,000 people and increase the income of one million people,” said Saparkhan Omarov, Kazakh Minister of Agriculture.