-12° / -17°C WEDNESDAY, NOVEMBER 23, 2016 No 22 (112) www.astanatimes.com Kazakh President Addresses Astana Kazakh National Club, Urges World Based on Justice Bank Lowers Base By Malika Orazgaliyeva ASTANA – Some of the world’s Rate to 12 Percent leading economic, political and in- ation and persistent signs of stabil- ternational relations experts gath- By Kseniya Voronina ity in the financial market,” he said. ered in Astana Nov. 14-16 for the “Increased uncertainties in the second Astana Club annual meet- ASTANA – The National Bank global markets, which may be ing to discuss the global economy of Kazakhstan has reduced the followed by the slowdown in the and relations. The gathering was base interest rate to 12 percent process of reallocation of foreign organised at the Nazarbayev Cen- with a corridor of plus or minus 1 currency assets into the national tre by the Foundation of the First percentage points, according to its currency, as well as the sensibility President of Kazakhstan – Leader Chairman Daniyar Akishev. of the economy and the financial of the Nation. The liquidity provision opera- sector to external shocks, require Kazakh President Nursultan tions rate is now 13 percent with a cautious approach to further re- Nazarbayev addressed experts the liquidity withdrawal opera- duction in the base rate. Should the from the United States, Russia, tions rate at 11 percent. economic situation significantly China, Turkey, Iran and the Eu- The Bank lowered the rate be- improve and persistent signs of ropean Union about Kazakhstan’s cause of the downward trend of stabilisation in the financial market role in global and regional issues, inflation, which is consistent with are present, further cuts are possi- the National Bank’s forecast, said ble,” the National Bank’s Nov. 14 including nuclear disarmament, President Nursultan Nazarbayev (C) addresses the participants of the second annual Astana Club meeting on Nov. 14. reported the Akorda press service. Akishev. press release said. “Also, de-dollarisation of bank The world needs new approach- Cooperation Organisation] SCO, Partnership should target the crea- and global security,” he said. The base rate is the interest rate deposits and the decline in infla- es to national, regional and global EAEU, EU and the Silk Road Eco- tion of the single Eurasian trade “I am convinced that by the that is emerging in the financial tion expectations continues. At the development, Nazarbayev said, nomic Belt project should deeply and cooperation space. means of dialogue and nego- market on overnight loans between same time, we have a sufficiently market participants. noting conflicts destabilise global interact. This vector of continental In addition, Nazarbayev outlined tiations, the world can solve any balanced approach to the decisions The National Bank had lowered and regional security. He under- and world development is impos- the importance of creating a world problems, overcome the contradic- on the base rate. Reducing the base its base rate to 12.5 percent on line prospects for cooperation sible to ignore without damage to based on the principles of justice, tions and develop a common glob- rate is possible with a substantial Oct. 3. The next decision will be between the Eurasian Economic the progress, prosperity and secu- trust, cooperation and universal re- al development strategy for the improvement in the economic situ- announced Jan. 9. Union (EAEU) and the European rity of each Eurasian nation. That sponsibility. entire 21st Century,” Nazarbayev Union. is my principal position,” he said. “Kazakhstan’s mission is to added. “It is important to jointly deter- Nazarbayev noted that emerging make our region of Central Asia a The Kazakh President also an- mine a route for the creation of a macro-regional trade associations, strong bridge with two-way traffic swered questions concerning SCO common economic space of the including the Transatlantic Trade between East and West, between development, rebuilding the Silk Big Eurasia. In my view, such a and Investment Partnership, the North and South. So that there is Road, nuclear disarmament, re- Kazakh Farmers perspective is unavoidable. The or- Trans-Pacific Partnership and Re- a territory of interaction and col- gional cooperation and economic ganisations such as the [Shanghai gional Comprehensive Economic laboration, a model of peace, trust diversification. Adapting Nazarbayev’s Visit to Hiroshima Highlights to Chinese Market pation is only 0.1 percent. Adapt- By Botagoz Baltabayeva ing to the Chinese market is not an Joint Striving for Nuclear Disarmament easy task and one Kazakh farmers ASTANA – In order to seize the cannot handle alone, he said. another nuclear tragedy,” stressed is a symbol of our nations’ spir- pan in the age of Asia’s prosperity’ Chinese market, Kazakh farmers “Do not think that as the Chinese By Aiman Turebekova Nazarbayev, who also noted the itual closeness in an effort to rid defines our relations as strategic, need to unite in cooperatives, said market is now open we all should damage to Kazakhstan’s land the world of the nuclear evil,” he in-depth and trusted,” emphasised National Chamber of Entrepreneurs HIROSHIMA – Kazakh Presi- run there. There will be very seri- caused by the nuclear testing done added. Nazarbayev. Atameken Deputy Chairperson dent Nursultan Nazarbayev has ous checks of the quality of products at the Soviet Union’s Semipalat- Nazarbayev also noted that he The President noted the impor- Nurzhan Altayev during a briefing been awarded the title of special and their certification. To do this, insk test site over four decades. had earlier reached an agreement tance of Japanese companies’ in- on promoting his nation’s products. honorary citizen of Hiroshima. we primarily need to ensure that our He visited Hiroshima to pay with Prime Minister Shinzo Abe volvement in Kazakhstan’s busi- China currently ranks third in Nazarbayev, who visited the city farmers are united in cooperatives. It tribute to the tens of thousands of regarding the joint efforts of Ka- ness projects, pointing out the the world in food imports after the as part of his visit to Japan on Nov. would be very difficult to enter this mostly civilian victims of the two zakhstan and Japan in building a agreement in developing small and European Union and the United 9, thanked the Hiroshima authori- market with small deliveries; there atomic bombs dropped on Japan world free of the threat of weapons medium-sized businesses as well States. The country imports more ties and public for granting him should be appropriate packaging of by the United States during World of mass destruction. as the interest of Japanese entre- than $115 billion in foodstuffs eve- this title and highlighted that it is a War II in 1945. “Visiting the Me- On behalf of all the residents of the product and certain volumes. preneurs in agriculture. ry year, but Kazakhstan’s partici- Continued on Page A5 sign of solidarity between Kazakh- morial Peace Park of Hiroshima the city, Mayor of Hiroshima Ka- “I hope that Japanese companies zumi Matsui thanked Nazarbayev will come to us. During a meeting for his visit and praised him for his with captains of Japanese busi- leading role in building a nuclear ness, they expressed their interest weapons-free world. “On Aug. in Kazakhstan. Members of our 29, 1991, you closed the Semipa- delegation informed our Japanese Serbian PM Visits latinsk nuclear test site, based on colleagues about the business cli- the wishes of the people of Ka- mate in our country. Today the cri- zakhstan. You took the initiative to create a nuclear weapons-free sis is everywhere and countries are trying to save their money. How- Astana, Brings Along zone in Central Asia and to an- nounce Aug. 29 as International ever, notwithstanding all these fac- Day against Nuclear Tests. You tors, the respect for our country play a leading role in building a that they showed during this trip 90 Companies is a good sign,” said the President. world without nuclear weapons,” By Aiman Turebekova He also noted that the anti-nu- to increase economic relations. Matsui said. “There are 24 Serbian companies clear weapons theme has a special ASTANA – Serbian Prime Min- Before his flight to South Ko- registered in Kazakhstan, only 15 place in relations between the two ister Aleksandar Vučić and Kazakh rea for the second leg of his trip of them are currently operating. to East Asia, Nazarbayev took part countries. “The consolidation of President Nursultan Nazarbayev At the same time, a good exam- stan and Japan in the anti-nuclear once again reinforced my belief in a press briefing dedicated to his the forces of Kazakhstan and Ja- discussed in Astana Nov. 15 bi- ple of the successful work of Ser- movement. in the importance we place on the fourth official visit to Japan. “I be- pan and our joint initiatives are lateral agreements reached during bian businesses in Kazakhstan is “Being here in Hiroshima, which field of nuclear disarmament and lieve that as a result of the visit, very important. The manifesto Nazarbayev’s visit to Serbia in Au- a company that participated in the experienced the horrible conse- nonproliferation initiatives,” said we have achieved all the goals we ‘The World. The 21st Century’ is gust. construction of the metro, offices quences of the atomic bombing, Nazarbayev. set for ourselves. A joint statement designed to put an end to weapons Nazarbayev noted that Serbia and banks. I urge world leaders to renounce “The song ‘Zaman-ai,’ sung to- ‘On the special strategic partner- of mass destruction,” concluded is an important European busi- nuclear testing in order to prevent day by young Hiroshima residents, ship between Kazakhstan and Ja- Nazarbayev. ness partner and there’s potential Continued on Page A3 FC Astana Wins Kazakhstan Cup 2016 By Anuar Abdrakhmanov Yuri Logvinenko’s effort hitting the second in a counter-attack.