ANNOUNCEMENT 29 Nov 2010In November 2010, the government of Kazakhstan announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
On 29 November 2010 the Government of the Republic of Kazakhstan releasd rules for partial reimbursement of export-related costs (Decree No. 1265).
The program has the purpose to support domestic small and medium enterprises, and exporters in the manufacturing sector. There are no explicit restrictions in which sectors of the economy the SMEs should operate. However, it may be expected that priority will be given to SMEs that operate in the sectors that were previously defined as strategic in Decree No. 301 of 13 April 2010 of the Government of the Republic of Kazakhstan.
The eligible for subsidisation activities are:
Decree No. 1265 was abolished by Decree No. 1017 of 2 August 2012 which introduces more detailed rules, for example concrete HS codes for export promotion (see the related GTA measure attached below).
Since Decree No. 1265 does not allocate concrete state support, the GTA has classified the case as amber.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.