KAZAKHSTAN'S INTEGRATION IN CES, WTO RAISES URGENCY OF AGRICULTURAL SECTOR PROBLEMS - NAZARBAYEV
Almaty. June 27. Interfax-Kazakhstan - The President of Kazakhstan Nursultan Nazarbayev has ordered that urgent measures be taken to raise the competitiveness of the agricultural sector of Kazakhstan ahead of the country's integration in the Common Economic Space and the World Trade Organization.
"The development of agriculture is an important priority for the country. Kazakhstan's economic integration with Russia and Belarus and its accession to the WTO make this task a paramount one," Nazarbayev said at a meeting with the Minister of Agriculture Asylzhan Mamytbekov.
The president's words were quoted in a release by his press office.
"Today we need not just to raise the volume of agricultural production, but to significantly improve its quality. We have the resources for this task. In the past 15 years we have allocated 1.5 trillion tenge to developing the national agricultural sector. Last year alone we spent 115 billion tenge on agriculture," Nazarbayev noted.
In his turn, Asylzhan Mamytbekov informed the president of the concepts of the new agriculture development program until 2020.
"In accordance with your orders given at the agricultural forum and in the address to the people of Kazakhstan, we decided to abandon the practice of direct state financing of the agriculture diverting the funds to encouraging investment from the financial markets. The potential of these sources exceeds that of the state budget. In essence, we intend to allow private credit institutions to invest in agriculture, which they previously could not do due to the competition from the state," the minister said.