Import substitution volume in 2002 will not be less than $500m - the minister of economy and trade of Kazakhstan

/Kazakhstan today, Jan 9, 02/ - In year 2002 planned volume of import substitution will not be less than $500m. The minister of economy and trade of RK Zhaksybek Kulekeev making speech on January 09 at work meeting on import substitution with national companies working at Kazakhstan market - Kazakhstan temir zholy RSE, NCOT KazTransOil , NOC Kazakhoil, NAC Kazatomprom and KEGOC OJSC - informed it. Share of these companies in a total volume of import accounts fro 3.5%. Aggregate potential volumes of agreements and intentions of import substitution based on companies' data for year 2002 preliminary were determined in the amount of $120m. As the minister informed, in year 2001 on preliminary data from regions there were import substitutions agreements fro the amount of $408m. At that actual production delivered for the amount more than $366m that accounts for 89.8% of total amount of made agreements. According to Kulekeev words, experience of work with NOC Kazakhoil showed that range of production of domestic machinists for oil and gas industry is competitive. Also it was underlined that in 2001 Kazakhstan temir zholy RSE made agreements for the supply of equipment, reserve parts and components from domestic producers for the amount of more than 10bn tenge, which is almost two times exceeds level of year 2000. As Kulekeev informed, according to operative data of the Ministry of economy and trade the growth of industrial production in 2001 in the republic totaled 13.5%.