ANNOUNCEMENT 26 May 2012In May 2012, the government of Kazakhstan announced a change in the price advantage granted to domestic producers in certain public tenders.
NUMBER OF INTERVENTIONS
Joint Stock Company Sovereign Wealth Fund ?Samruk-Kazyna
According to the WTO, the procurement rules approved by the Decision of the Board of Directors of the Kazakh Sovereign Wealth Fund 'Samruk-Kazyna' on 26 May 2012 contain a local content preference. In particular, the rules forsee a 'price discountin total of up to 20% for locally produced goods and services' (WT/ACC/KAZ/93, p33).
The Kazakh Sovereign Wealth Fund 'Samruk-Kazyna' was founded in accordance with Decree of President of the Republic of Kazakhstan of 13 October 2008 No. 669 'n some measures concerning the competitiveness and sustainability of national economy' and with Decree of the Government of the Republic of Kazakhstan of 17 October 2008 No. 962 'n measures concerning the realisation of the Decree of President of the Republic of Kazakhstan No. 669'. Its purpose is to enhance the competitiveness of the national economy, to support national producers and to neutralise the potential negative impact of changes in the world markets on the economic growth of the country. 'Samruk-Kazyna' achieves this goal by managing shares of national development institutions, national companies and other legal entities.
The priority sectors for its investments are: oil and gas; power energy;metallurgy; chemistry and petrochemicals; and infrastructure.