Kazakhstan’s government has reinforced its commitment to domestic market stability by extending the petroleum export ban on diesel fuel and select petroleum products via road transport.
This decision emerged from a high-level meeting of the Interdepartmental Commission on Foreign Trade Policy, chaired by Deputy Prime Minister Serik Zhumangarin. The focus remains on securing internal resources amidst global economic uncertainties.
Kazakhstan has also taken decisive steps to strengthen its agricultural sector, imposing a temporary halt on apple imports from non-EAEU countries.
The agriculture ministry forecasts a gross yield of 300 thousand tons of apples this year, with orchards set to reach full production capacity by 2024, driving an 18% increase in yields. The ban, effective until year-end, aims to ensure that local supply meets the nation’s demand without external dependence.
Strategic discussions at the meeting also explored proposals to introduce export customs duties on various commodities. The finance ministry’s proposal aims to stimulate domestic processing, ensuring that Kazakh enterprises secure raw materials for local production. By bolstering internal value chains, Kazakhstan looks to enhance budget revenues and fortify economic resilience.
These actions highlight Kazakhstan’s move towards self-sufficiency and economic independence, reflecting a sophisticated approach to balancing internal market protection with global trade realities. The repercussions of these policies on both domestic industries and international partners will be closely monitored.
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