Shorouk Express
ASTANA, Kazakhstan, February 27. The
authorities of Kazakhstan are in negotiations with Malaysia to
create a new trade fund that will organize grain supplies abroad,
Trend reports via
the official press service of the Kazakh government.
“Negotiations are underway with Malaysia to explore new markets
and establish a new trade fund that will increase the volume of
grain exports to $200 million. In the long term, the goal is to
increase this figure to $1 billion,” informed the press
service.
As part of the export strategy, tools for insurance,
reinsurance, and guarantees for domestic producers are being
expanded. One of the main orders of business is to break into new
markets and roll out all-encompassing solutions for Kazakhstani
exports.
In this scenario, the Kazakh holding “Baiterek” is throwing its
hat in the ring by launching a trade fund and putting together a
pool of export-oriented projects, which includes getting the ball
rolling on poultry enterprises and crop farming.
To develop investment projects in the agricultural sector, in
2025, Kazakhstan plans to direct about 1.5 trillion tenge ($3
billion) through the Agricultural Credit Corporation and
KazAgroFinance. The funds will be used for financing spring
fieldwork and harvesting, implementing investment projects,
purchasing basic materials and replenishing working capital, and
leasing agricultural machinery.
