Majilis discussed the Agreement on specific subsidies - News | BNews

Majilis discussed the Agreement on specific subsidies

07 February, 11:40 247
Majilis discussed the Agreement on specific subsidies

Subsides will create certain conditions to protect domestic industrial enterprises.

Today, at the plenary meeting of the Majilis under the chairmanship of Nurlan Nigmatulin, a bill on the ratification of the Agreement on the order of voluntarily coordination of specific subsides of industrial goods of the EAEU member states with the Eurasian economic commission was discussed.

According to the Agreement, the procedure of voluntarily coordination of specific subsides creates certain conditions to protect domestic industrial enterprises and is an additional measure of support from the state.  

It is also envisaged that the Ministry of National Economy takes a decision over this issue, even if the allocation of specific subsides has been initiated by any state body.

In this connection, speaker of the Majilis Nigmatulin placed the attention of Minister of National Economy Timur Suleimenov on the effectiveness of the allocated subsides for domestic enterprises, and in general for the country’s economy.

“I think, the Ministry of National Economy should not only plan precisely the presentation of specific subsides, but it should also provide protection of these subsides for domestic enterprises of the economic union, so in the future they will be kept,” says Nurlan Nigmatulin.

The Agreement was designed in order to implement the Agreement on the EAEU and the Protocol of unified rules for presenting industrial subsides and defines the interaction mechanism between the member states and the Eurasian economic commission.  

The eligibility criteria of specific subsides in the Agreement correspond to the present practice of subsiding in Kazakhstan.

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