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Ministry of Foreign Affairs and “Atameken” NCE strengthen the coordination of investment and export orientation

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by February 15, 2019 Business

ASTANA, The issue of promotion of Kazakh goods to foreign markets and attraction of investments from abroad was discussed at the meeting of Minister of Foreign Affairs Beibut Atamkulov with the Chairman of the Board of “Atameken” NCE Ablai Myrzakhmetov. The meeting was also attended by representatives of the Ministry of Industry and Infrastructure Development.

The parties agreed to adopt the Tripartite Memorandum of Understanding and Cooperation and the Joint Action Plan adopted by the MFA, Atameken and Kazakh Export NC JSC. The President’s Address is “The Welfare of Kazakhstan’s People: Improving the Quality of Life and Prosperity”, as well as the President’s instructions given at the end of the Extended Government session on January 30, 2019 and the new foreign policy department’s commitment to investment and export.

Collaboration will include cooperation in various areas – from market-to-market analysis to work with concrete partners in export development, best international practices, participation in international events and more.

The Ministry of Foreign Affairs and “Atameken” discussed the issues of cooperation in the field of trade missions to solve non-oil export development tasks.

In addition, Atameken and the akimats were offered to prepare a “brochure” on the regions of Kazakhstan. It will show natural resources and their peculiarities in each region of the country, key sectors of the economy and logistics. On the basis of this, it will be possible to carry out specific work on attraction of foreign investors to implement export-oriented projects in Kazakhstan.

In addition, the need to involve Kazakh and foreign capital in small and medium-sized businesses has been highlighted in organizing the production of consumer goods (the economy of simple goods), which in turn contributes to the domestic market productivity. These are consumer goods that cover daily needs and the domestic market after they are sent to further export. First of all it concerns agricultural processing, light industry and pharmaceutical industry.

In order to work with foreign partners, the sides reached an agreement on the organization of trainings for the staff of the Ministry of Foreign Affairs of the Republic of Kazakhstan and the staff of the Ministry of Foreign Affairs of the Republic of Kazakhstan, attracting Atameken and the Kazakhstan Institute of Industry and Development (“KIDI”) specialists.

The need for coordinated work on organizing trade and economic missions and exhibitions in promising countries in terms of promoting Kazakhstan’s processed products has been highlighted.

Ministry of Foreign Affairs and “Atameken” intend to introduce regular practice of such meetings aimed at strengthening investment and export activity.

Source: MINISTRY OF FOREIGN AFFAIRS REPUBLIC OF KAZAKHSTAN

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