Article 46. Contracts aimed at industrial development of the Industrial Policy Act

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1. Contracts aimed at the development of industry shall be concluded in accordance with this Law by means of:

1-1) guaranteed purchase agreements providing for a long-term guaranteed volume of purchase of goods produced at existing production facilities;

1) offtake contracts providing for a long-term guaranteed purchase of manufacturing goods, including those purchased as part of ongoing work and services provided, the production of which will be organized by the supplier and was previously unavailable;

2) contract procurement agreements providing, in addition to the purchase of manufacturing goods, including those purchased as part of ongoing work and services, essential conditions for investing part of the contract amount in the economy of the Republic of Kazakhstan, provided for in the terms of purchase in accordance with Article 49 of this Law.

The rules for planning and concluding contracts aimed at industrial development, as well as monitoring their implementation, provide for standard requirements.

2. Customers under contracts aimed at the development of industry are large customers.

The provisions of this article do not apply to the National Welfare Fund and legal entities, fifty percent or more of the voting shares (participation shares in the authorized capital) of which are directly or indirectly owned by the National Welfare Fund by right of ownership or trust management.

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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Republic of Kazakhstan

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