Kazakhstan increases wool exports by 3.8 times

In recent years, Kazakhstan has increased wool exports by 3.8 times. This is stated in the response of the Deputy Prime Minister of the Republic of Kazakhstan - Minister of Trade and Integration Bakhyt Sultanov to the request of the deputies of the Mazhilis, El.kz reports with reference to MIA "Kazinform".

“Wool exports duty was abolished until next April 30. Last year the volume of wool exports rose 3.8 fold to reach 7,000 tons (China and Russia). 4 out of 10 operating enterprises can process fine wool, the rest are the boot factories. Besides, Aktobe region launched KazFeltec LLP to produce woolen insulation with a capacity of 3,000 tons. There are 2 potential projects for processing fine wool with a total capacity of 154,000 tons of yarn and 465,000 sq m of fabric. The industry is backed under the 2021-2025 entrepreneurship development national projects”, the Minister said.

There are also micro loans on preferential terms for first-time entrepreneurs. The credit line stands at KZT 20 mln for investments and KZT 5 mln for working capital financing. In the absence of sufficient collateral, a guarantee of up to 85 percent of the loan amount is provided. At the same time, for loans in the amount of up to 5 million tenge, collateral is not required.