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USAID Information:
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Deregulation Efforts Lead to $150 Million in Savings for Kazakhstani
Businesses
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Kazakh truck drivers benefited from a project-facilitated reduction in insurance fees imposed by Russian Customs
Photo Credit: Enterprise Development Project |
USAID’s Trade Facilitation and Investment Project successfully reduced business constraints related to nine separate processes in seven cities during the last quarter of 2005. These improvements in the regulatory environment will benefit thousands of small and medium enterprises (SMEs) in the construction industry, the pharmaceutical industry, and the advertising industry.
For example, an estimated $63,300 will be saved annually in administrative fees as a result of a 25% reduction in the number of days required to receive a permit for using a residential property for commercial purposes (from 200 to approximately 150 days). Another improvement, the reduction in time needed to receive a tax liability certificate, will bring an estimated $12.6 million in economic benefits to businesses in Western Kazakhstan Oblast.
Thus far, USAID’s deregulation efforts have resulted in approximately $150 million in savings for the SME sector.
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