Invest to kazakhstan
Kazakhstan is actively developing
international transport routes, and
logistics potential, which provides
all conditions for the export
of products manufactured in
Kazakhstan.
It is important to note that at all
levels and investors' opinions are
listened to. There are platforms
such as the Foreign Investors
Council under the chairmanship
of the Head of State, the Council
on Improving the Investment
Climate under the leadership of the
Prime Minister, the Minister for
Investment and Development is the
investment ombudsman. That is,
no one initiative of the investor in
Kazakhstan, no one question will be
left without attention.
As for investors from the EU,
they are also protected by
Agreements on Mutual Protection
and Promotion of Investments.
Of the 46 such agreements, 20
are concluded with EU countries
(Austria, Belgium, Bulgaria, United
Kingdom, Hungary, Germany,
Spain, Italy, Latvia, Lithuania,
Luxembourg, Netherlands, Poland,
Romania, Slovakia, Finland, France,
Czech Republic, Sweden and
Estonia). To date, more than 20
draft agreements are being worked
out, five of which are with the
EU countries (Slovenia, Croatia,
Denmark, Malta, Italy).
For European investors, Kazakhstan
is becoming an even more
attractive destination.
As you noted, many things
have changed in recent years,
Kazakhstan became a member
of the Eurasian Economic Union,
34
world monitor
according to the
National Bank
of Kazakhstan in
2016, the gross
inflow of FDI
amounted to 20.6
billion USD and
increased by 40%
compared to 2015
joined the WTO. How will this
affect European investors?
Accession to the WTO and
membership in the EEU opens up
even greater opportunities for
investors and entrepreneurs.
Today, the Eurasian Economic Union
represents a single market without
customs borders with the capacity of
more than 180 million people, with
foreign trade turnover of about 1
trillion USD.
It is important to note that by the
end of 2016, the EU's share was
about 22% - over 220 billion USD.
Now we are moving to a new stage,
when European companies can open
production in Kazakhstan for the
subsequent access to large markets
of the EEU, China, and the Middle
East.
As you know, Kazakhstan is located
in the center of the Eurasian
continent at the intersection of
many transport corridors. Today, a
transport and logistics infrastructure
is being established between Asia
and Europe. Within our territory
we have already formed transport
corridors from the East to the West
and from the North to the South.
New routes through Kazakhstan –
from China to Russia and Europe,
through the Caspian Sea to the
Caucasus and Turkey – reduce
the delivery time of goods by an
average in two times, compared with
traditional sea routes.
At present, we are reviving the
New Silk Road, creating the main
transport corridor Western Europe –
Western China.
I would like to note that there are
great prospects in the development
of container transportation. Only
in the last five years, container
shipments in direction of China-
Europe-China have increased 100-
fold.
Kazakhstan has already become a
business, trade and transit-logistic
hub for the Central Asian region, a
broad bridge between Europe and
Asia.
Each investor can find here a
desired niche, state support
and comfortable conditions. We
perceive the cooperation with
European investors as a mutually
beneficial partnership, ‘win-win’.
Kazakhstan will receive modern
production and accelerate the
process of industrialization and
diversification of the economy.
Investors – profitable investments,
reduction of transportation
costs, access to large markets
of neighboring countries and
competitiveness of their final
product.