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Wednesday, December 2nd, 2020

The Ministry of Foreign Affairs discussed the practical aspects of creation of integrated ecosystems attraction on the instruction of the Head of State

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by February 21, 2019 General

ASTANA , The Ministry of Foreign Affairs holds a two-day meeting on investment and export activities.

The first day of the meeting was attended by heads of several diplomatic missions of Kazakhstan, representatives of the Presidential Administration, Prime Minister’s Office, central and local executive bodies, quasi-public sector and national companies of Kazakhstan.

In the course of the meeting, it was discussed in detail the ways in which President Nursultan Nazarbayev’s instructions on strengthening the work of the Foreign Ministry in the field of attraction of investments and promotion of Kazakhstani export were thoroughly considered. Institutional interaction mechanisms and practical aspects of investment attraction were discussed. Special and regional challenges facing our country in the promotion of export were studied.

On the instruction of the Head of State a complex ecosystem of investment climate is created to create interaction between government agencies, national companies, akimats and foreign institutions of the country. In the regions of Kazakhstan it is necessary to create front-offices for investors, where the investor will receive practical and consistent assistance in implementation of their projects without bureaucracy. The system of interaction with foreign investors determines the scope of responsibility of each participant of the process.

Foreign Minister Beibut Atamkulov noted that the ambassadors of Kazakhstan “will be armed” with all the relevant information, including investment proposals and package of projects for effective work with potential investors. This information includes financial performance, market access, land plots, infrastructure provision, customs and tax preferences, tariff components, and labor supply. The head of the department noted that the embassies should strengthen the work on attraction of investments in the economy of Kazakhstan and the introduction of new science-intensive technologies.

The Head of State set the task to promote Kazakhstan’s products in foreign markets. Export promotion is one of the key priorities of the Government, the Foreign Minister emphasized. The ambassadors were instructed to make specific recommendations on the expansion of Kazakhstani exports to countries and regions, taking into account their peculiarities.

Deputy Minister of Foreign Affairs Yermek Kosherbayev, First Deputy Minister of Agriculture Arman Evniev, Ambassador of Kazakhstan to Russia Imangali Tasmagambetov, in China – Shahrat Nuryshev, in the United States Yerzhan Kazykhanov, Chairman of the Investment Committee Yerlan Khairov, Chairman of the Management Board Saparbek Tuyakbayev and Manager of the International Financial Center “Astana” Kairat Kelimbetov.

That day, B. Atamkulov chaired a meeting in the small format with Kazakh ambassadors to discuss the upcoming foreign policy agenda. The Foreign Ministry emphasized the continuation of the work on the implementation of the foreign policy of the Head of the state, promotion of national interests on the principles of pragmatism.

A number of specific assignments were given to the foreign institutions of the country, especially to the President Nursultan Nazarbayev for the preparation of visits of foreign and high-ranking guests to Kazakhstan, as well as information-analytical and image-making work, strengthening of financial discipline.

The second day of the event is devoted to the study of practical aspects of attraction of investments and export promotion. In the context of economic crises, trade wars and protectionism, it is important to understand Kazakh diplomats professionally from all aspects and regularities of relevant processes. Training courses and training courses for Kazakhstan’s foreign diplomatic missions and central staff will be held on the topic of investment opportunities and trade potential of Kazakhstan and new approaches to attract investment and export expansion.

For the first 9 months of 2018, the total inflow of direct foreign investments to Kazakhstan increased by 8.4% to $ 17.3 billion. Over USD. The main investors are the Netherlands (27.4%), the USA (22.8%), Switzerland (13%), Russia (6.8%), China (6.7%), Belgium (5.4%), (4.1%) and Great Britain (2.6%).

Foreign trade turnover of the Republic of Kazakhstan for the 11 months of 2018 amounted to 84.3 bln. and increased by 20.5% compared with the same period of 2017. Of these, exports amounted to $ 54.6 billion. (26.4% growth). Of these, non-primary export amounts to 14.5 billion US dollars. (growth by 3%). The major part of Kazakhstan’s exports was made up of agricultural products, energy products, textile, food, construction materials, machinery, equipment, etc. is. Our main trading partners are Russia, Italy, China, the Netherlands, the United States of America, France, Switzerland and the Republic of Korea. , Uzbekistan, Germany and Spain. The European Union countries account for more than half of exports, with China and the EAEU countries accounting for 10% and 5% of Central Asian countries.

Source: MINISTRY OF FOREIGN AFFAIRS REPUBLIC OF KAZAKHSTAN

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