Kazakhstan supports a new initiative of the WTO on investment facilitation

On 10 July 2017 a workshop dedicated to support the WTO member-states new initiative on investment facilitation was held at the World Trade Organization (WTO).

The workshop was organized by the Friends of Investment Facilitation for Development Group, which was founded to promote a dialogue on investment facilitation in the WTO. The Group includes such WTO members as Argentina, Brazil, Hong Kong, China, Colombia, Korea, Mexico, Nigeria and Pakistan. The Republic of Kazakhstan joined this initiative in April this year.

Director General of the WTO Roberto Azevedo has attended the workshop, where he expressed full support to the expansion of the dialogue among WTO members and noted the importance of investment facilitation for trade inclusiveness and development.

Permanent Representative of the Republic of Kazakhstan to the UN and other international organizations in Geneva, Ambassador Zhanar Aitzhanova was among workshop's keynote speakers. She informed participants that within the WTO, the Republic of Kazakhstan undertook commitments facilitating to favorable investment regime for foreign investors. In particular, Kazakhstan guarantees transparency and predictability of licensing requirements and procedures required to pursue entrepreneurial and investment activities, and also provides non-discriminatory conditions that allow investors to attract highly qualified personnel as part of intracorporate transfers.

Ambassador Aitzhanova also noted that the national policy of Kazakhstan is aimed at further development of favorable investment climate for investors.

Among other speaker were Deputy Director General of the WTO X. Yi, Minister of Commerce of Pakistan, K.Khan, Ambassadors to the WTO of Argentina, Hong Kong, China, Korea, Colombia, Mexico, Netherlands, Pakistan, the representatives of state bodies of Turkey, Brazil, Nigeria, China, and international organizations (UNCTAD, OECD, World Bank, World Economic Forum), as well as private sector representatives from Germany and Switzerland.

The workshop participants discussed the role of investments for digital economy development, productive capacity building, and increasing competitiveness in world markets as well as needs of business for investment facilitation.

Major attention was paid to current practices and policies of investment facilitation at the national, bilateral and regional levels, in particular to implementation of single window principle for investors, publication of investment rules and regulations, and improvement of administrative procedures related to investments.

Created at : 12.07.2017, 13:25, Updated at : 12.07.2017, 13:25