MARKET DEVELOPMENT
Malaysia to Supply All Kinds of Palm Oil to Kyrgyzstan
Malaysia to Supply All Kinds of Palm Oil to Kyrgyzstan
27/02/14 (24) - Malaysia will supply all kinds of palm oil to Kyrgyzstan. The Minister of Economy Temir Sariev stated today at parliamentary session.
According to him, it is suggested to abolish current 5 percent of customs duty on import of certain kinds of palm oil to the republic.
"It is due to the fact that at present there is an arrangement with Malaysian party to create in Kyrgyzstan a distribution center and then we will reexport this production, but in packaged form, to the countries of Central Asia. We will promote creating additional working places and increase of tax revenues to the republican budget," Temir Sariev added.
According to him, it is suggested to abolish current 5 percent of customs duty on import of certain kinds of palm oil to the republic.
"It is due to the fact that at present there is an arrangement with Malaysian party to create in Kyrgyzstan a distribution center and then we will reexport this production, but in packaged form, to the countries of Central Asia. We will promote creating additional working places and increase of tax revenues to the republican budget," Temir Sariev added.