Kazakhstan & Japan to accelerate signing of investment protection agr’t
The sides noted the importance of expanding bilateral trade and economic cooperation in the light of the implementation in Kazakhstan the comprehensive plan to attract direct investment. Thus, the ministers supported the reform of the Roadmap for strengthening economic and investment relations, developed by the Joint Commission, and government and private sectors of Kazakhstan and Japan. "We invite the Japanese high-tech companies to actively participate in Kazakhstani projects. Kazakhstan has created favorable investment climate, formed a legal basis. In addition, we have removed barriers to free flow of capital ", Asset Issekeshev said. The parties have agreed to accelerate signing of investment protection agreement on liberalization, encouragement and mutual protection of investments. The document specifically calls for better institutional framework. In addition, the parties expressed their readiness to develop technological cooperation through projects in automotive, logistics and other industry. As it is known, Kazakhstan has implemented a joint project for the production of SUVs Toyota Fortuner. It is worth noting that the prospects for investment cooperation, new areas of work and joint projects between the two countries will be discussed during the V meeting of the Joint Commission of the government and private sectors of Kazakhstan and Japan on economic cooperation. It is planned that it will be held in Astana in October of the current year. It is expected that the event will be attended by 100 representatives of business circles of Japan.
