Kazakhstan has become a leader in agriculture development in the Eurasian Economic Union.
Kazakhstan has become a leader in agriculture development in the Eurasian Economic Union. In the first half of 2018, Kazakhstan’s agriculture increased to 4 per cent comparing to the same period last year. According to the Eurasian Economic Commission, Kazakhstan lost this index to only Armenia, which saw its agriculture sector grew by 5.2 per cent. In the Republic, agricultural production increased by more than 3 per cent from January to June. In terms of goods, Kazakhstan has become a leader in milk and egg production. The flow of investments into the agro-industrial sector has significantly increased in Kazakhstan. In 2017, the growth was estimated at 3.5%. In total, the republic attracted 262 billion tenge to the industry. According to statistical data, the volume of investments in food production has significantly increased by approximately 21 per cent. The processing of agricultural raw materials is attractive to foreign investors as there is a high growth rate in the production of cereals, flour, canned food and semi-finished products. Kazakhstan is attractive for its ecological purity of land. To date, the country has certified approximately 300,000 hectares of land, on which it is possible to grow organic products.