With the support of «KazakhExport», the subsidiary of the National Management Holding “Baiterek”, special-purpose machinery of Hyundai brand produced in Kazakhstan will be exported to the Republic of Turkmenistan
With the financial and insurance support provided by «KazakhExport» Export insurance company» joint-stock company, 150 Hyundai trucks produced in Kazakhstan will be delivered in Turkmenistan within a year.
The Head of Terms was signed on July 28, 2014, between Hyundai Auto Truck&Bus LLP, which is a member of KMC Astana motors of the part of Kazakhstan and Business Association Hyundai Merkezi Turkmenistan of the part of Turkmenistan. A key role in the implementation of this transaction was played by «KazakhExport» Export insurance company» joint-stock companywho provides insurance coverage to domestic companies and banks against the risk of non-payment in export operations, which facilitates their entry to foreign markets and guarantees the safety of export supply.
In 2012, with the support of «KazakhExport» Export insurance company» joint-stock company, the Republic of Belarus has purchased similar trucks produced in Kazakhstan. According to preliminary estimates, the amount of transaction was from 17 to 42 million USD.
In Kazakhstan, several thousand enterprises are engaged in the field of foreign economic activity and sell the Kazakhstani product in foreign markets. The domestic service and construction companies, which offer foreign colleagues services on design of highways and railways, are also involved in the export-oriented production. The confectionery products, chemicals, and construction materials are also in good demand in the neighbouring countries.
It is important to note that at any stage of development of the economy, the insurance and information support of the national export is a priority in the development of any country. Performance indicators show that «KazakhExport» Export insurance company» joint-stock companyis one of the key elements of foreign economic policy of the state as an essential tool ensuring the continuity of trade flows.
«KazakhExport» Export insurance company» joint-stock company(subsidiary of JSC National Management Holding “Baiterek”), has been operating on the market since 2003 (formerly known as JSC State Insurance Company for Insurance of Export Credits and Investments). «KazakhExport» Export insurance company» joint-stock companyis the only specialized insurance company aimed at protecting the interests of the Kazakh exporters of non-primary products through insurance against political and commercial risks. Since 2005, the Company provides reinsurance services.
