Article 38. Development and promotion of exports of goods and services of Kazakhstani origin in the manufacturing industry, assistance in their implementation The Law on Industrial Policy

Home / RLA / Article 38. Development and promotion of exports of goods and services of Kazakhstani origin in the manufacturing industry, assistance in their implementation The Law on Industrial Policy

1. The provision of measures of state stimulation of industry is carried out by the authorized body in the field of regulation of foreign trade activities with the involvement of the National Institute for Development in the field of development and promotion of non-primary exports through:

1) reimbursement of part of the costs of subjects of industrial and innovative activity for the promotion of goods and services of Kazakhstani origin of the manufacturing industry to foreign markets in accordance with the rules for reimbursement of part of the costs of subjects of industrial and innovative activity for the promotion of domestic goods and services of the manufacturing industry, as well as information and communication services to foreign markets within the framework of accepted international obligations;

2) subsidizing the interest rate on loans issued and leasing transactions carried out by second-tier banks, the Development Bank of Kazakhstan, and other legal entities engaged in leasing activities to foreign buyers of high-tech goods and services of Kazakhstani origin in the manufacturing industry, which are subject to insurance by the Export Credit Agency of Kazakhstan;

3) the use of mechanisms for export trade finance, lending and insurance, reinsurance and guaranteeing transactions to promote non-primary exports.

2. Subsidizing the interest rate on loans issued and leasing transactions by second-tier banks, the Development Bank of Kazakhstan, and other legal entities engaged in leasing activities to foreign buyers of high-tech goods and services of Kazakhstani origin in the manufacturing industry is carried out by a financial agent designated by the Government of the Republic of Kazakhstan.

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

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