Kazakhstan ratifies agr't on mutual investment protection with Estonia
26 June, 2014 10:59
At today's plenary session the Senate has adopted a law "On ratification of the Agreement between the Government of the Republic of Kazakhstan and the Government of the Republic of Estonia on encouragement and mutual protection of investments".
"The agreement is aimed at creating a favorable legal framework for promotion and mutual protection of investments, improving the investment climate and further development of mutually beneficial economic and trade cooperation between the two countries," said Yerbolat Dossayev, Minister of Economy and Budget Planning of Kazakhstan, while presenting the bill in the Senate.
The agreement was concluded in Tallinn in April 20, 2011.
The Minister also noted that gross inflows of Estonian investments in Kazakhstan amounted to 48.3 million dollars from 2005 to 2013 yerars. the same tine Gross outflow of direct investment in Estonia from Kazakh direct investors amounted to 1.3 million dollars.
Kamila Amirova
