Senators elected Supreme Court judges and ratified several international documents

During the session of the Senate of the Parliament of the Republic of Kazakhstan under the chairmanship of Kassym-Jomart Tokayev, the Chamber elected Gulmira Zhusupbekova and Askarzhan Kenzhegarin as judges of the Supreme Court, who were presented by the Head of State.
Astana city 12 October, 14:58

According to the Senate press-service, the Senators ratified the Protocol on the introduction of amendments and additions to the Kazakhstani-Uzbek intergovernmental agreement on international road transport. The document, signed in Astana on March 23, 2017, provides for the opening of "Tselinniy" and "Syrdarya" road checkpoints, the change in the status of “Kazygurt”, “Kaplanbek”, “Atameken” road checkpoints from "bilateral" to "multilateral" and the transfer of the railway checkpoint from the Beineu station to the Oasis station.

The Kazakhstani-Norwegian intergovernmental Agreement on international road transport has been ratified. This will create a legal framework for the implementation of road transport between Kazakhstan and Norway, and will further promote the development of trade and economic cooperation between the two countries.

The Arms Trade Treaty has also been ratified. The document, made in New York on April 2, 2013, applies to all conventional weapons in the following categories: combat tanks, armored combat vehicles, large caliber artillery systems, combat aircraft, combat helicopters, warships, missiles and missile launchers, small arms and light weapons.

In order to implement the provisions of the Treaty, each member-state shall establish and maintain a national control system, including a national control list, and designates a national contact point for the exchange of information on matters relating to the Treaty.

The member-states shall maintain national accounting for the issuance of export authorizations or for actual export operations of conventional arms and shall submit annually a report for the previous year containing information on the authorized or actual export and import of conventional arms.

In addition, there are cases of prohibitions on the transfer of conventional weapons, ammunition and weapons of defeat, parts and components. Ratification of the document will contribute to strengthening international security by establishing and strengthening control over international trade in conventional arms, as well as suppressing their illegal diversion and illegal trafficking.

The Chamber adopted amendments to the law on the membership of the Republic of Kazakhstan in the International Monetary Fund, the International Bank for Reconstruction and Development, the International Finance Corporation, the International Development Association, the Multilateral Investment Guarantee Agency, the International Center for Settlement of Investment Disputes, the European Bank for Reconstruction and Development, the Asian Development Bank, Islamic Development Bank ".

The introduced norms regulate the legal conditions for Kazakhstan's membership in the new international organization - the Asian Infrastructure Investment Bank (AIIB). Our country is a full-fledged regional member of the Bank. The Law of the Republic of Kazakhstan of January 27, 2016 ratified the Articles of the Agreement on the Establishment of the ABIA signed by representatives of 57 founding countries on June 29, 2015 in Beijing.

The law determines the state bodies authorized to deal with the AIIB. In particular, as the communication channel, an appropriate official body is established, determined by the Government (Ministry of National Economy); for the implementation of all financial operations and transactions - the Ministry of Finance; as the depository of all holdings in the national currency and other assets of the AIIB - the National Bank.

In addition, the document regulates the financial relations of the Republic of Kazakhstan represented by the Ministry of Finance and the National Bank related to membership in the AIIB.

The main objectives of the AIIB are to promote sustainable development and to strengthen the infrastructure interconnectedness of the economies of the region, stimulate the economic and social growth of Asian countries through investments in infrastructure and other productive sectors of the economy. Priority direction of Bank's activity should be the financing of projects in such areas as energy, transport, telecommunications.

We note that the share of Kazakhstan (subscribed capital) in the capital of the AIIB amounted to 729.3 million US dollars (0.7930%), the number of votes from the total share of 10,387 votes (0.9612%). The paid-up capital is 145.9 million dollars, which will require annual membership fees of 29.180 million dollars over 5 years (2016-2020).