It is assumed that with the introduction of labeling of these product groups, volume of legal trade will amount to KZT 337 billion, and budget revenues will amount to KZT 58 billion.

Introduction of labeling in Kazakhstan will undoubtedly have a positive effect on economy of our country, Minister of Trade and Integration of Kazakhstan Bakhyt Sultanov said at the Government meeting: "For example, it encourages development of fair competition and will increase the share of legal market and production volume to 30-50%. It will reduce the cost and prices by 5-10% of the current cost of goods".

In addition, it is expected to provide about 2-3 thousand people with employment thanks to new jobs.

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Saved: 13.04.2024


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