Article 3. The purpose and objectives of the Industrial Policy of the Industrial Policy Act

Home / RLA / Article 3. The purpose and objectives of the Industrial Policy of the Industrial Policy Act

1. The purpose of industrial policy is to ensure the sustainable development of the manufacturing industry by increasing the production of competitive, high-tech, export-oriented products and moving away from the raw materials model of development.

2. The objectives of industrial policy are:

1) improving the well-being of the country's population by achieving goals in the field of sustainable development of the industrial sector of the economy;

2) creation and development of modern infrastructure for the development of the manufacturing industry;

3) support for the effective implementation of innovations and the development of new high-tech industries;

4) economic diversification and increasing the competitiveness of industrial production, including by deepening processing and upgrading existing production facilities in order to increase labor productivity and reduce the negative impact on the environment;

5) creating a favorable industrial climate in the country and increasing the self-sufficiency of the national economy;

6) improving the investment climate and developing the export potential of goods and services of Kazakhstani origin with high added value, as well as joining global value chains;

7) reduction of import dependence through the development of own production.

This Law establishes the fundamental principles of industrial policy and regulates public relations that arise during the formation and implementation of industrial policy.

President

Republic of Kazakhstan

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