«KazakhExport» Export Insurance Company JSC opened a single window system for exporters' support
“KazakhExport" EIC JSC, March 16. The Management Board of National Holding Company “Baiterek” JSC decided to transform its subsidiary “KazakhExport” Export-Credit Insurance Company JSC into “KazakhExport” Export Insurance Company JSC (hereinafter KazakhExport).
The decision of the Holding was formalized by the Decree of the Government of the Republic of Kazakhstan on inclusion of KazakhExport in the official list of operating national companies.
KazakhExport will work based on the principle of a single window as a single center for promotion and servicing of non-primary exports of the country.
The main tasks of KazakhExport will be the export credit insurance, pre-export and trade export financing, as well as reinsurance activities.
KazakhExport plans to undertake the functions for providing services and non-financial support, which was previously carried out by the National Agency for Export and Investment KAZNEX INVEST.
Within two years, KazakhExport will be further capitalized with $100 million dollars.
In addition, it is planned to open several foreign representative offices of KazakhExport in the target export countries, within the next stages of the company transformation.
The main task of “KazakhExport” Export Insurance Company JSC will be further development of exports of domestic products and increase of the total export potential of Kazakhstan.
For reference:
"KazakhExport" EIC JSC in accordance with No. 112 Decree of the Government of the Republic of Kazakhstan dated March 10, 2017 is included in the list of national companies.
