Kazakhstan to start a pilot project on drug labeling this year

28 January, 2019, 12:47 438
Kazakhstan to start a pilot project on drug labeling this year

A pilot project will meet the requirements compulsory in the Eurasian Economic Union.  

Starting this year, a pilot project on drug labeling will be launched, Kazakh Finance Minister Alikhan Smailov has stated, BNews.kz correspondent reports.   

According to him, with a view to protecting from counterfeit goods, leveling off business competitive conditions and reducing the underground economy, a labeling and goods traceability system is being created.

“In order to expand the list of labeled goods, a pilot project to label tobacco products has been started since October 2018. A pilot project on drug labeling will be launched this year. Work in this area taking into consideration the remarks and proposals of the deputies during the ratification of the Agreement “On goods labeling by means of identification in the Eurasian Economic Union” will be continued,” stated the Minister during a governmental hour in the Mazhilis.

He has also noted that over 250 thousand wild fur products have been labeled so far.  

“The positive results in the pilot project on wild fur products have been observed. The number of importers who filled goods declarations saw a 1.4-time increase (from 63 to 90) in 2018 compared with 2017. Labeling of wild fur products allowed to detect the taxpayers who lowered their profits to apply the limiting cut-off values under the special tax regime for preferential taxation,” said Smailov.